Solar Panels Cost 6.9k-16k in Cedar Mill CDP, OR | October, 2024

Solar Panels Cost $6.9k-$16k in Cedar Mill CDP, OR | October, 2024

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How much do solar panels cost in Cedar Mill CDP, OR in 2024?

Going solar in Cedar Mill CDP, OR averages out to $3.3 per watt in October, 2024.

Utilizing the cost, we are able to come to the conclusion that for every 1 kW (1000 watts) your solar system can generate, you will need to spend, on average, $3,300 to have it installed. Taking into consideration the 30% federal tax credit, a 5 kW panel install in Cedar Mill CDP typically costs $11,550. It should be noted that a bigger system might be necessary to adequately cover your energy demands.

By selecting your county on the left, you can find out the average roof size and the average maximum capacity for residential solar panel systems in your area. You can review the price, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Cedar Mill CDP: $11,550US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Cedar Mill CDP: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Cedar Mill CDP: $14,954US Average: $15,784

Solar Potential in Cedar Mill CDP

Estimated system size and solar electricity production per median viable roof in
Cedar Mill CDP.

Roof size 804sq. ft.
Capacity 11.25kW DC
Electricity 11.2kkWh AC per yr.

Electricity Costs in Cedar Mill CDP, OR & What that Means for Your Solar Panel Pricing

Energy consumers in Cedar Mill CDP usually pay $131.06 per month for electricity, with a typical monthly usage of785 kWh. This statistic also reflects data from apartments and smaller housing units, which typically use less energy consumption.

In October 2024, the electricity rate in Cedar Mill CDP, OR is on average 16.69¢ per kWh.

Average citizens in Cedar Mill CDP may need a solar power system with a capacity of 7 kW or more to take care of their entire electricity usage requirements. Right now, a 7 kW setup will cost around $23,100 upfront, with the 30% federal tax credit, the cost lowers to $16,170.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Cedar Mill CDP

On the left side below, you can find a detailed cost breakdown for various solar panel system sizes set up in Cedar Mill CDP. When you choose a more extensive solar system, the cost is greater, but it also leads to more significant electricity savings and a more substantial income tax credit.

In the calculator provided below and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $131.06 electric bill for Cedar Mill CDP. More tailored results can be achieved by modifying the $131.06 to your usual bill amount.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $799 a year
Est. Price
$6,930
Savings from a 3kWthis system
  • Est. yearly production 4,701 kWh
  • Est. monthly savings $67
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.09 tons a year
  • Equivalent to planting 50 trees a year
  • Equivalent to driving 2,700 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,066 a year
Est. Price
$9,240
Savings from a 4kWthis system
  • Est. yearly production 6,268 kWh
  • Est. monthly savings $89
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 1.45 tons a year
  • Equivalent to planting 67 trees a year
  • Equivalent to driving 3,601 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,332 a year
Est. Price
$11,550
Savings from a 5kWthis system
  • Est. yearly production 7,836 kWh
  • Est. monthly savings $111
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.82 tons a year
  • Equivalent to planting 84 trees a year
  • Equivalent to driving 4,501 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,598 a year
Est. Price
$13,860
Savings from a 6kWthis system
  • Est. yearly production 9,403 kWh
  • Est. monthly savings $131
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.15 tons a year
  • Equivalent to planting 99 trees a year
  • Equivalent to driving 5,312 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,865 a year
Est. Price
$16,170
Savings from a 7kWthis system
  • Est. yearly production 10,970 kWh
  • Est. monthly savings $131
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.15 tons a year
  • Equivalent to planting 99 trees a year
  • Equivalent to driving 5,312 mi less a year

Cedar Mill CDP Solar Panel Installation Incentives & Rebates | 2024

Rural small businesses and farms can benefit from the REAP Grant, which may cover between 80% and 100% of your solar energy or wind turbine installation costs. To determine your eligibility, use our REAP Grant eligibility tool.

Almost all residents are eligible for the 30% federal income tax credit for residential solar, which makes it a feasible option in various states in the country. A variety of regional and state programs are available to encourage solar energy adoption.

There are 30 solar rebate and incentive programs currently offered in Oregon by multiple utilities and government bodies.

Solar incentives in OR

Columbia River PUD - Solar PV Net Metering Rebate

Value:Up to $1,000

The Blue Sky program is Pacific Power's adaptation of Oregon's mandatory green energy option. Customers may choose to join the Blue Sky rate schedule to receive energy from the renewable power grid. In exchange, they will be assessed surcharges to support new renewable energy investment, and Pacific Power will receive any renewable energy credits they generate. Annual reports and program information are available through the Pacific Power website.

Solar Electric Incentive Program

Value:Up to $2,400

The Energy Trust of Oregon operates a direct incentive program for new residential, commercial, and agricultural solar PV systems. Pacific Power and Portland General Electric customers are eligible for rebates. A rebate's amount will vary depending on the size and performance of solar collectors, the property's zone type, and the involved utility. Preapproval is required from both the Energy Trust and the applicant's utility. Customers are required to use a participating solar contractor for the design and installation of their system. The estimated rebate will be included as part of the system's quote and will not be paid to the customer. Additional information is available from the Energy Trust's website.

Energy Conservation Tax Credits - Small Premium Projects (Personal)

Value:Up to $7,000

On occasion, the Oregon Department of Energy will announce opportunities for residents to claim tax credits on small energy efficiency projects. Previous announcements have covered efficiency in agriculture and manufacturing, solar thermal systems, and CHP systems. Tax credits from an Opportunity Announcement max out at 35% of a project's equipment/installation costs. Credits may be claimed over multiple years depending on individual circumstances. The application process involves audits and proposals outlining estimated energy consumption decline. Additional information is available from the department website.

EWEB - Solar Electric Program (Rebate)

Value:Up to $2,000

Residential, public-sector, and nonprofit solar customers of the Eugene Electric and Water Board may qualify to enter power purchasing agreements (PPAs). There is no maximum capacity limit on eligible PV systems; however, systems should already meet requirements for net metering, including all IEEE/UL specifications, permits, and renewable ratio. Available compensation is performance-based and will vary from year to year. As of 2021, rates started at 40 cents per watt up to $2,000. Customers can choose to receive compensation in the form of a rebate rather than a bill credit, in which case they keep the RECs they generate. Additional information is available from the EWEB website.

Lane Electric Cooperative - Residential and Commercial Weatherization & Energy Efficiency Program

Value:Up to $1,000

Home and business customer-members of the Lane Electric Cooperative may be eligible for grants on energy-efficient insulation and weatherization projects. Only projects approved by a Lane auditor will be approved for funding. Additional grants may be available for applicants in low-income brackets. Participating contractors may assist customer-members through the auditing and application process. Grants will be awarded to the contractor and will appear as a discount on the final project invoice. Additional information is available through the LEC website.

Lane Electric Cooperative - Residential Energy Efficiency Loan Programs

Value:Up to $9,000

Residential customer-members of the Lane Electric Cooperative may be eligible for interest-free financing on new thermal energy efficiency projects. Loans may fund new efficient heat pumps, related ductwork, insulation/weatherization, and new windows/doors. Only projects recommended by a Lane representative and undertaken by a participating contractor will be eligible. The maximum available principal per loan is $9,000 and will be serviced by either of two participating credit unions. LEC will cover all interest payments on behalf of the borrower. Additional information is available from the LEC website.

Energy Conservation Tax Credits - Small Premium Projects (Corporate)

Value:Up to $7,000

On occasion, the Oregon Department of Energy will announce opportunities for businesses to claim tax credits on small energy efficiency projects. Previous announcements have covered efficiency in agriculture and manufacturing, solar thermal systems, and CHP systems. Tax credits from an Opportunity Announcement max out at 35% of a project's equipment/installation costs. Credits may be claimed over multiple years depending on individual circumstances. The application process involves audits and proposals outlining estimated energy consumption decline. Additional information is available from the department website.

Large Electric Consumer Public Purpose Program (LECPPP)

Value:Varies

Generally, Oregon's electric utilities are required to collect a 3% surcharge on customer bills to support the Energy Trust of Oregon. Larger consumers of energy may, in lieu of paying a surcharge, undertake energy efficiency improvements and renewable energy investments of their own. Should improvements be implemented successfully, surcharge waivers of 54% may be applicable. Qualifying customers should have consumed 1 megawatt of electricity per year, as measured by a single or contiguous meter, prior to application. They will also be subject to annual site audits. Additional information is available from the Oregon Department of Energy website.

New Homes Incentive Program

Value:Varies

Homebuilders in Oregon may be eligible for incentives from the state's Energy Trust if they meet energy-efficient building standards in excess of state codes. Awards will be made for efficient lighting, insulation, windows/doors, appliances, and solar PV/thermal energy. Each project or component factors into the property's Energy Performance Score displayed to homebuyers. Additional information is available from the Energy Trust website.

Renewable Energy Contractor Licensing

Value:Varies

In Oregon, anyone who installs or repairs solar energy devices should be licensed by the state's Bureau of Labor. Specialized licenses are available for solar photovoltaic work and solar thermal work. Limited licenses are also available allowing the holder to work with systems rated under 25 kW. Each license is subject to experience/training hour requirements, though there are pathways to obtain journeyman and contractor certifications from an apprenticeship. Solar contractors may be required to subcontract certain tasks to licensed plumbers and electricians.

Building Energy Code

Value:Varies

Oregon energy efficiency codes are regularly updated. Previous quantitative goals set in 2006 required average home or business energy consumption for new buildings to drop by 15%. Regulations for single-family homes and duplexes are listed in the Residential Specialty Code. Regulations for all other buildings are found in the Structural Specialty Code. Local governments can adopt their own regulations exceeding those in the RSC or SSC, but they cannot nullify state codes. Additional information is available from the federal Energy Codes website.

Green Energy Technology in Public Buildings

Value:Varies

In Oregon, state facilities may adopt solar energy devices for self-consumption. New public buildings should earmark 1.5% of project costs toward energy conservation. To qualify, a system must reduce estimated energy consumption from a conventional baseline and fulfill at least three-quarters of the building's energy needs. Additional information is available from the Oregon Department of Energy.

Central Lincoln People's Utility District - Residential Energy Efficiency Rebate Programs

Value:Varies

Residential customers of the Central Lincoln People's Municipal Utility District (CLPUD) may be eligible for specialized rebates on an assortment of energy efficiency projects and equipment. Available rebate offers will vary from time to time. Currently, rebates may be awarded for new windows, insulation/weatherization, water heaters, heat pumps, lighting, and ENERGY STAR certified appliances. Additional information and application forms are available from the CLPUD website.

Energy Conservation Tax Credits - Competitively-Selected Projects (Personal)

Value:Varies

On occasion, the Oregon Department of Energy will announce opportunities for residents to claim tax credits on midsize/large bid-winning energy efficiency projects. Previous announcements have covered efficiency in agriculture and manufacturing, solar thermal systems, and CHP systems. Tax credits from an Opportunity Announcement max out at 35% of a project's equipment/installation costs. Credits may be claimed over multiple years depending on individual circumstances. The application process involves audits and proposals outlining estimated energy consumption decline. Additional information is available from the department website.

Renewable Portfolio Standard

Value:Varies

Oregon first established a renewable portfolio standard in 2007. The standard governs and tracks renewable energy investment throughout the state, with the long-term goal of generating 50% of all retail electricity with renewable technology by 2040. All electric utilities are required to participate regardless of governance. Uniquely, standard goals vary depending on the size and type of utility. Large utilities, such as Portland General Electric, Pacific Power, along with large cooperatives, must source 27% of their electricity renewably by 2025. Smaller utilities and cooperatives are subject to smaller goals of 5 - 10% renewable energy by 2025. Carve-out provisions require a certain share of the annual RPS quota to be invested in microgrids, community generation facilities, and solar facilities. Compliance with the standard is enforced through a renewable energy credit (REC) system pegging a fixed amount of electricity to a fluctuating dollar value. All operational renewable energy systems generate RECs, but utilities may also purchase credits from private customers. Credits expire after five years and must be replaced with new investments.

EWEB - Net Metering

Value:Varies

Residential and commercial renewable energy customers of the Eugene Water and Electric Board may take advantage of net metering if their system is rated for below 25 kW. Qualifying technologies include wind, solar, hydroelectric, fuel cells, solid waste/landfill gas, and agricultural biomass. EWEB will install a bidirectional meter on each renewable energy system to track net excess generation (NEG) sent back to the grid each month. Customers will receive a bill credit of 3.6 cents/kWh of NEG. Additional information is available from the EWEB website.

Local Option - Rural Renewable Energy Development Zones

Value:Varies

In Oregon, Rural Renewable Energy Development Zones (RREDZs) are formed by local and contiguous county governments. Residential and commercial solar, wind, biomass, geothermal, or other renewable energy systems in an RREDZ may earn local property tax exemptions for a three to five-year term. Currently, ten counties and one city have formed RREDZs among themselves. Localities may set their own terms, conditions, and maximum exemptions. Interested property owners should consult with their local tax assessor.

PGE Renewable Development Fund

Value:Varies

The Blue Sky program is Pacific Power's adaptation of Oregon's mandatory green energy option. Customers may choose to join the Blue Sky rate schedule to receive energy from the renewable power grid. In exchange, they will be assessed surcharges to support new renewable energy investment, and Pacific Power will receive any renewable energy credits they generate. Annual reports and program information are available through the Pacific Power website.

Solar + Storage Rebate Program

Value:Varies

The Blue Sky program is Pacific Power's adaptation of Oregon's mandatory green energy option. Customers may choose to join the Blue Sky rate schedule to receive energy from the renewable power grid. In exchange, they will be assessed surcharges to support new renewable energy investment, and Pacific Power will receive any renewable energy credits they generate. Annual reports and program information are available through the Pacific Power website.

Pacific Power - Blue Sky Community Project Funds

Value:Varies

The Blue Sky program is Pacific Power's adaptation of Oregon's mandatory green energy option. Customers may choose to join the Blue Sky rate schedule to receive energy from the renewable power grid. In exchange, they will be assessed surcharges to support new renewable energy investment, and Pacific Power will receive any renewable energy credits they generate. Annual reports and program information are available through the Pacific Power website.

State Energy Loan Program

Value:Varies

SELP is an Oregon-based solar energy financing program created by a ballot referendum. Loans take the form of small bonds at zero interest. Any Oregon resident, business owner, school district, local government, or state agency may receive bonds of $20,000 - $20 million. Up to 2% in fees may apply during the repayment process. The maximum repayment term should not outlast the useful life of the solar device being funded. Additional information is available from the Oregon Department of Energy website.

Lane Electric Cooperative - Residential Efficiency Rebate Program

Value:Varies

Residential customer-members of the Lane Electric Cooperative may be eligible for rebate incentives on a variety of energy-efficient thermal solutions. Available rebate offers will vary from time to time. Currently, the cooperative is incentivizing new air and geothermal heat pumps and related ductwork. Rebates may also be available on brand new homes which receive ENERGY STAR certification. Customer-members should submit rebate paperwork 30 days after installation at the latest. Inspections by a utility representative may apply. Additional information is available from the Lane Electric Cooperative website.

Central Lincoln People's Utility District - Renewable Energy Incentive Program

Value:Varies

Residential and commercial customers of the Central Lincoln People's Utility District may be eligible for rebates on new renewable energy systems. Any wind, hydroelectric, solar PV, or solar water heater will qualify so long as it generates at least 75% of the customer's electrical demand. The rebate's amount will vary depending on the capacity and expected performance of the system. Additional bill credits from net metering programs will apply. Further information is available from the CLPUD website.

Solar Within Reach

Value:Varies

The Blue Sky program is Pacific Power's adaptation of Oregon's mandatory green energy option. Customers may choose to join the Blue Sky rate schedule to receive energy from the renewable power grid. In exchange, they will be assessed surcharges to support new renewable energy investment, and Pacific Power will receive any renewable energy credits they generate. Annual reports and program information are available through the Pacific Power website.

Mandatory Utility Green Power Option

Value:Varies

Oregon state law requires all public/private electrical utilities and cooperatives to provide their customers with at least one "green power" rate option. Qualifying renewable generation technologies toward the law include solar PV/thermal, wind, hydroelectric, geothermal, and some biomass. Utilities must be transparent about their power sources.

Energy Trust of Oregon

Value:Varies

A 3% surcharge on customer energy bills in Oregon supports the state's Energy Trust (ETO). ETO is an independent 501 organization partnered with the Oregon government. Funds support a variety of energy efficiency programs in the state, including educational campaigns, school building efficiency, conservation incentives, and energy access/assistance for low-income and disadvantaged communities. Organizations may submit proposals directly to ETO for funding consideration. Annual reports on funding goals, surcharge revenue, and expenditures are available from the fund website.

SB 1149 Schools Program

Value:Varies

Energy efficiency/renewable energy programs and improvements in public schools within the Pacific Power and Portland General Electric service areas are funded by the Energy Trust of Oregon. Funding is derived from a standard 3% surcharge on consumer energy bills. 10% of the total Energy Trust is earmarked for school-related initiatives. Qualifying projects include educational initiatives and new windows, HVAC, water heating, lighting, and insulation/weatherization. Only projects suggested by a utility representative may be eligible for funding or incentives. Additional information is available from the Oregon Department of Energy.

Energy Conservation Tax Credits - Competitively-Selected Projects (Corporate)

Value:Varies

On occasion, the Oregon Department of Energy will announce opportunities for businesses to claim tax credits on large bid-winning energy efficiency projects. Previous announcements have covered efficiency in agriculture and manufacturing, solar thermal systems, and CHP systems. Tax credits from an Opportunity Announcement max out at 35% of a project's equipment/installation costs. Credits may be claimed over multiple years depending on individual circumstances. The application process involves audits and proposals outlining estimated energy consumption decline. Additional information is available from the department website.

Renewable Energy Development Grant Program

Value:Varies

The Oregon Department of Energy may award grant funding to renewable energy projects involving solar, wind, hydroelectric, geothermal, and some biomass technologies. The grant program is the successor to a corporate tax credit and remains closely tied to taxation through its funding sources. Qualifying projects for a grant should be rated for below 35 MW. Applicants will be subject to fees of $500 plus 1.25% for processing and permit reviews. Approval is based on a quantitative scoring system. Additional information is available through the ODE website.

Renewable Energy Systems Exemption

Value:Varies

In Oregon, property tax exemptions apply statewide to new renewable energy systems. The exemption applies to any wind, solar, geothermal, and some biomass/fuel cell device used to generate power or provide heating/cooling. Systems must be interconnected to the grid and under a net metering contract to procure renewable energy credits. To claim the exemption, property owners should consult with their local assessor. Assessors may not consider the value of the system for any purpose relative to the overall property value.

Are solar panels worth it in Oregon?

For homeowners in Cedar Mill CDP who expect to stay in their residence beyond the solar payback period, solar panels make an excellent investment. A 5 kW solar system in Cedar Mill CDP, OR might save you an average of $19,904.4 over 20 years, with the break even point typically being 7 years.

The cost of not having solar panels in Cedar Mill CDP, OR

In addition to forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. The news has recently pointed out that total reliance on your utility is not always ideal.

Annually, customers in Cedar Mill CDP have encountered approximately 0.64 utility outages.Yearly, customers in Cedar Mill CDP have encountered approximately 0.64 utility outages. On average, the length of an outage is 117 minutes. Major events like grid management errors, earthquakes or construction accidents can cause these durations to rise considerably.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Washington County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Cedar Mill CDP, OR?

Your Energy Needs - While the upfront cost is greater, the price per watt decreases with larger solar panel systems. Homeowners often discover that setting up a solar system to fully cover their electric bill is a smart choice, leading to the most savings.

Make & Model - Similar to other products, solar panels come in a range of makes and models. Considering the brand preferences that your installer may have, it's crucial to pick a recommended contractor. The employment of high-quality materials is likely to yield a more positive long-term experience for buyers.

Solar Panel Type - It's clear why monocrystalline panels are now the standard in the industry. These panels cost more but yield more energy. Many installers in the industry utilize panels constructed from this material.

Your Property - Each property and residence is unique. Issues like trees, irregular terrain, or additional considerations may add to the complexity of the installation. Most solar installers currently use satellite imagery to assess your home and factor in these considerations into the preliminary cost estimate.

Labor Rates - Differences in employee wages across companies result in expenses that are transferred to the consumers. Reviews for work and customer service are frequently higher for businesses that pay higher wages.

Permitting & Interconnection - The local permitting and utility interconnection fees, which differ by region, will impact your final installation price. Quality installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other OR cities

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Who are the best solar installers in Cedar Mill CDP?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

A&R Solar

Seattle, WA(206) 707-9937

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Solgen Power

Pasco, WA(855) 220-0778

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Elemental Energy

Portland, OR(503) 967-5786

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

IonSOLAR

Provo, UT(888) 781-7074

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Sunlight Solar Energy

Bend, OR(541) 322-1910

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Energy Design

Eugene, OR(541) 485-8122

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Cedar Mill CDP, OR Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Cedar Mill CDP, OR as of October, 2024 is $3.3/W. With the federal tax credit, the cost of a 5 kW solar panel system in Cedar Mill CDP, OR drops to roughly $11,550.
  • If you live in Oregon, you can find 30 rebates and incentives through different utilities and government agencies. On top of that, most individuals are eligible for the 30% federal income tax credit.
  • Cash payments offer the highest savings, yet multiple financing options now available for solar panels are financially beneficial as well. Many installers have partnerships with financing companies and will provide this information in your initial quotes.
  • Yes, the average 5 kW solar panel payback period in Cedar Mill CDP, OR stands at 7 years, yielding average electricity savings of $19,904.4 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01