Cost Of Solar Panels In Washington State

The average gross cost of installing a standard 5kw solar energy system in washington is just over 14 000 although with various incentives applied this cost can drop dramatically.

Cost of solar panels in washington state.

The average cost for an installed residential solar system in washington is currently 12 117 after claiming the 26 federal solar tax credit. Solar panel cost in washington. National data september 2020. Usually range from 11 144 to 14 696 after solar tax credits and the average price per watt for solar panels ranges from 2 51 to 3 31.

Average solar panel cost. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. How does system size impact the cost of solar. Energy efficiency and solar grant funds projects result in energy and operational cost savings at state public higher education institutions local government facilities state agencies and kindergarten through 12th grade k 12 public school districts.

What range of costs should you expect to see in quotes for a solar panel system. As of september 2020 the average solar panel cost in washington is 2 75 w given a solar panel system size of 5 kilowatts kw an average solar installation in washington ranges in cost from 11 688 to 15 812 with the average gross price for solar in washington coming in at 13 750 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives. Solar panel costs for an average sized installation in the u s. This is higher than the average price of residential solar power systems across the united states which is currently 2 64 per watt.

Washington state department of commerce energy efficiency and solar grants. Solar panel cost data washington 2020 updated. As of sep 2020 the average cost of solar panels in seattle is 2 72 per watt making a typical 6000 watt 6 kw solar system 12 083 after claiming the 26 federal solar tax credit now available. As of sep 2020 the average cost of solar panels in washington is 2 73 per watt making a typical 6000 watt 6 kw solar system 12 117 after claiming the 26 federal solar tax credit now available.

On a cost per watt w basis a solar panel installation in washington ranges in price from 2 34 to 3 16. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 64 per watt. This is 2 73 per watt. This is higher than the average price of residential solar power systems across the united states which is currently 2 64 per watt.

On average the payback period for installing a solar energy system is about 9 4 years and the average 20 year savings are over 17 600. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. From washington data it is shown that the average cost of a solar panel installation ranges from 11 688 to 15 812. The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt.