Solar Panel Cost Guide in Terrace Heights, WA (2024 Update)
- Terrace Heights Solar Installation Cost: $9,708
- 25-Year Savings: $11,544
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Terrace Heights
We break down average solar pricing in Terrace Heights.
The national average cost of solar panels is $2.66 per watt, but in Terrace Heights it’s 4 per watt.Because a 3.9-kW system is needed to cover the energy needs of a typical home in Terrace Heights, the average price of going solar will be about $9,708 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Terrace Heights can save about $19,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Terrace Heights for a quote for your home.
Solar savings over time in Terrace Heights
| Year | Return on Investment |
|---|---|
| 1 years | $-8,727 |
| 3 years | $-6,766 |
| 5 years | $-4,804 |
| 7 years | $-2,843 |
| 9 years | $-882 |
| 11 years | $1,079 |
| 13 years | $3,041 |
| 15 years | $5,002 |
| 17 years | $6,963 |
| 19 years | $8,924 |
| 21 years | $10,886 |
| 23 years | $12,847 |
| 25 years | $14,808 |
Top Solar Installers in Terrace Heights
Putting up solar panels yourself can be a stressful task, which is why getting a solar installer is a good option for many homeowners. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Terrace Heights
Factors that Affect Solar Panel Costs in Terrace Heights
While the average cost of a solar system in Terrace Heights is $9,708, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Terrace Heights, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,590 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Terrace Heights, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Terrace Heights, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can impact how much you pay. Terrace Heights’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Terrace Heights know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $13,428 | 13.5 years |
| 8 kW | $3.66 | $20,506 | $18,306 | 13.2 years |
| 10 kW | $3.59 | $25,130 | $23,385 | 12.9 years |
| 12 kW | $3.52 | $29,553 | $28,665 | 12.7 years |
| 14 kW | $3.45 | $33,775 | $34,146 | 12.4 years |
| 16 kW | $3.37 | $37,796 | $39,828 | 12.2 years |
| 18 kW | $3.30 | $41,615 | $45,711 | 11.9 years |
| 20 kW | $3.23 | $45,234 | $51,796 | 11.7 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 Terrace Heights, WA Solar Cost FAQs
How much does it cost to install solar panels in Terrace Heights?
The average cost of solar panels in Terrace Heights is about $17,950 for a 5-kW system and $35,900 for a 10-kW system before the ITC, but the actual cost will depend on things 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 thing to think about when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Terrace Heights?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.