Solar Panel Cost Guide in Hoquiam, WA (2024 Update)
- Hoquiam Solar Installation Cost: $11,220
- 25-Year Savings: $10,422
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Hoquiam
See how much it might cost to make the switch to solar in Hoquiam.
The average cost of a solar system in Hoquiam is 4 per watt.The average solar panel system size in Hoquiam is around 4.5 kilowatts, meaning a cost of about $11,220 for a solar installation, or $16,045 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Hoquiam homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant initial cost, the average Hoquiam homeowner can save about $17,000 on their power bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hoquiam
| Year | Return on Investment |
|---|---|
| 1 years | $-9,732 |
| 3 years | $-6,756 |
| 5 years | $-3,779 |
| 7 years | $-803 |
| 9 years | $2,174 |
| 11 years | $5,150 |
| 13 years | $8,126 |
| 15 years | $11,103 |
| 17 years | $14,079 |
| 19 years | $17,056 |
| 21 years | $20,032 |
| 23 years | $23,009 |
| 25 years | $25,985 |
Top Solar Installers in Hoquiam
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why getting a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you better understand incentives in Hoquiam, therefore optimizing your ROI.
If you’d like to switch to solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers near you:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Hoquiam
Factors that Affect Solar Panel Costs in Hoquiam
While the average cost of a solar system in Hoquiam is $11,220, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,590. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Hoquiam to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can affect how much it costs. Hoquiam’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.73 | $15,681 | $9,503 | 15.6 years |
| 8 kW | $3.66 | $20,506 | $13,073 | 15.3 years |
| 10 kW | $3.59 | $25,130 | $16,843 | 15.0 years |
| 12 kW | $3.52 | $29,553 | $20,815 | 14.7 years |
| 14 kW | $3.45 | $33,775 | $24,988 | 14.4 years |
| 16 kW | $3.37 | $37,796 | $29,362 | 14.1 years |
| 18 kW | $3.30 | $41,615 | $33,937 | 13.8 years |
| 20 kW | $3.23 | $45,234 | $38,713 | 13.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Hoquiam, WA Solar Cost FAQs
What is the average cost of installing solar panels in Hoquiam?
The average cost of solar panels in Hoquiam is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Hoquiam?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.