Cost Of Solar Panels Washington

The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

Cost of solar panels washington.

What range of costs should you expect to see in quotes for a solar panel system. Solar panel cost data washington 2020 updated. Solar panel cost data seattle 2020 updated. 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.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. 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. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8. A renewables portfolio standard rps requires utilities in the state to eventually source at least a certain percentage of their electricity from clean renewable sources like solar panels.

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. How does system size impact the cost of solar. Solar panel costs for an average sized installation in the u s. 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.

From washington data it is shown that the average cost of a solar panel installation ranges from 11 688 to 15 812. As of july 2020 the average cost of solar panels per watt in washington is 3 54 watt a typical 6000 watt 6 kw solar system is 21 255 before the federal solar credit and 15 729 after claiming the federal solar tax credit. On a cost per watt w basis a solar panel installation in washington ranges in price from 2 34 to 3 16. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs.

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. What is the current average solar panel cost in washington based on current offers. In 2006 washington became the second state in the nation to pass a renewable portfolio standard rps mandating that 15 of utilities. 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.