Washington solar energy price list

How much do solar panels cost in Washington?

As of November 2024, the average solar panel system costs $2.62/W including installation in Washington. For a 5 kW installation, this comes out to about $13,104 before incentives, though prices range from $11,138 to $15,070. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

How much does a 5 kW solar system cost in Washington?

While a 5 kW system will only cost you $13,104 in Washington, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill. Are solar panels worth it in Washington?

Are solar panels tax deductible in Washington State?

If you install a residential solar panel system in the Evergreen State before the end of 2032, you’re eligible to claim a federal income tax credit equal to 30% of the total system cost of your solar energy system. The average ITC value in Washington is $8,070 in 2023.

How much do solar panels cost?

The cost of solar panels in Washington is lower than the average price of $3.00 per watt for residential solar power systems across the United States. The size of a solar panel system influences the installation cost, as larger installations can benefit from bulk pricing, resulting in a lower cost per watt.

Does Washington have a solar investment tax credit?

The federal solar investment tax credit (ITC) gives you big cost savings when transitioning to solar energy in Washington. If you install a residential solar panel system in the Evergreen State before the end of 2032, you’re eligible to claim a federal income tax credit equal to 30% of the total system cost of your solar energy system.

Are solar panels a good investment in Washington?

While benefits like bill savings and eco-friendliness motivate many, high costs and long payback periods give some buyers pause. The estimated net savings with solar panels in Washington isn’t as much as in other states, but panels still help people lower their monthly utility bills.