After accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net price you ll pay for solar can fall by thousands of dollars.
Home solar panels in washington.
Here s an example of how the numbers work for a purchase of a 5 kw rooftop solar system in washington.
How long does it take to earn back your initial investment in solar panels.
Installing a typical 5 kw solar system should start at about 18 750.
From washington data it is shown that the average cost of a solar panel installation ranges from 11 688 to 15 812.
On a cost per watt w basis a solar panel installation in washington ranges in price from 2 34 to 3 16.
When installing solar panels in washington homeowners are eligible to get 26 the cost of installing solar back in taxes using a federal solar tax credit while paying no local or state sales tax effective july 1st 2019.
Solar panel cost in washington the average cost for an installed residential solar system in washington is currently 12 117 after claiming the 26 federal solar tax credit.
The feds offer a tax credit of 30 of out of pocket costs so you ll get 5 625 back next april.
The first for home and rv owners is to reduce their cost.
For the homeowner that would be the utility bill.
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.
For the rv owner a solar panels kits would allow them freedom off grid from rv parks.
As of september 2020 the average solar panel cost in washington is 2 75 w.