Solar Panel Cost Guide in Liberty Lake, WA (2024 Update)
- Liberty Lake Solar Installation Cost: $10,693
- 25-Year Savings: $10,813
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Liberty Lake
See how much it might cost to install solar panels in Liberty Lake.
While the national average of solar panels is $2.66 per watt, solar panels in Liberty Lake generally cost around 4.The average solar panel system size in Liberty Lake is around 4.3 kilowatts, meaning a cost of about $10,693 for a solar installation, or $15,291 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Liberty Lake homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a sound investment. The average homeowner in Liberty Lake can save about $18,000 on their electricity bills over 20 years.
To get a free quote from a highly rated solar company in Liberty Lake, you can click the button below.
Solar savings over time in Liberty Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-9,525 |
| 3 years | $-7,189 |
| 5 years | $-4,854 |
| 7 years | $-2,518 |
| 9 years | $-182 |
| 11 years | $2,153 |
| 13 years | $4,489 |
| 15 years | $6,825 |
| 17 years | $9,160 |
| 19 years | $11,496 |
| 21 years | $13,832 |
| 23 years | $16,167 |
| 25 years | $18,503 |
Top Solar Installers in Liberty Lake
When switching to solar energy, many homeowners choose to use a solar installer since overseeing your solar installation yourself can be a challenging project. Another benefit of working with a solar installer is that they can help you make the most of your ROI by lowering your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our suggestions 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 Liberty Lake
Factors that Affect Solar Panel Costs in Liberty Lake
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,590. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Liberty Lake offer solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Liberty Lake, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Liberty Lake are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $10,745 | 14.8 years |
| 8 kW | $3.66 | $20,506 | $14,729 | 14.5 years |
| 10 kW | $3.59 | $25,130 | $18,914 | 14.3 years |
| 12 kW | $3.52 | $29,553 | $23,300 | 14.0 years |
| 14 kW | $3.45 | $33,775 | $27,887 | 13.7 years |
| 16 kW | $3.37 | $37,796 | $32,675 | 13.4 years |
| 18 kW | $3.30 | $41,615 | $37,664 | 13.1 years |
| 20 kW | $3.23 | $45,234 | $42,854 | 12.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should go with, since different companies have different panels.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Liberty Lake, WA Solar Cost FAQs
What is the average cost of installing solar panels in Liberty Lake?
The average cost of solar panels in Liberty Lake 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Liberty Lake?
You can’t get solar panels for free in Liberty Lake. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Liberty Lake?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 level 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.