Solar Panels Cost 11k-21k in Eugene, OR | November, 2024

Solar Panels Cost $11k-$21k in Eugene, OR | November, 2024

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How much do solar panels cost in Eugene, OR in 2024?

For solar panels in Eugene, OR, the cost per watt in November, 2024 is around $3.35/W.

Put another way, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,350 to get your system installed in . A 5 kW solar panel system in Eugene averages about $11,725 after accounting for the 30% federal income tax credit. Please consider, a 5kW system may not be enough to fulfill your energy needs.

To the left, you can select your county to determine the typical roof size and average maximum capacity for solar panels on homes in your area. Displayed below is an overview of the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Eugene: $11,725US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Eugene: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Eugene: $9,324US Average: $16,169

Solar Potential in Eugene

Estimated system size and solar electricity production per median viable roof in
Eugene.

Roof size 912sq. ft.
Capacity 12.75kW DC
Electricity 13.8kkWh AC per yr.

Electricity Costs in Eugene, OR & What that Means for Your Solar Panel Pricing

The typical electricity usage in Eugene is 862 kWh per month, resulting in a $108.64 monthly electric bill average. Compact apartments are also encompassed in the figures cited in the prior sentence. The lower energy use in these types of dwellings impacts those averages.

For November 2024, the mean electricity rate in Eugene, OR amounts to 12.6¢ per kWh.

In Eugene, a system size of 9 kW or more is required for the average energy consumer to satisfy their entire power consumption needs. The cost for aa 9 kW solar setup comes to $30,150 upfront, but after the 30% tax credit, the total cost drops to $21,105.

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Average solar panel costs by system size in Eugene

On the left side below, the pricing details for multiple sizes of the solar panel systems installed in Eugene is displayed. When you opt for a bigger solar system, the cost is larger, but it also results in higher electricity savings and a more substantial income tax credit.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $108.64 in Eugene. If you seek more customized results, just adjust the $108.64 to whichever your typical electricity bill is.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $802 a year
Est. Price
$11,725
Savings from a 5kWthis system
  • Est. yearly production 6,166 kWh
  • Est. monthly savings $67
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 1.37 tons a year
  • Equivalent to planting 63 trees a year
  • Equivalent to driving 3,395 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $962 a year
Est. Price
$14,070
Savings from a 6kWthis system
  • Est. yearly production 7,399 kWh
  • Est. monthly savings $80
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.65 tons a year
  • Equivalent to planting 76 trees a year
  • Equivalent to driving 4,074 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,122 a year
Est. Price
$16,415
Savings from a 7kWthis system
  • Est. yearly production 8,632 kWh
  • Est. monthly savings $94
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 1.92 tons a year
  • Equivalent to planting 88 trees a year
  • Equivalent to driving 4,752 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,283 a year
Est. Price
$18,760
Savings from a 8kWthis system
  • Est. yearly production 9,866 kWh
  • Est. monthly savings $107
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 2.19 tons a year
  • Equivalent to planting 101 trees a year
  • Equivalent to driving 5,431 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,443 a year
Est. Price
$21,105
Savings from a 9kWthis system
  • Est. yearly production 11,099 kWh
  • Est. monthly savings $109
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 2.24 tons a year
  • Equivalent to planting 103 trees a year
  • Equivalent to driving 5,539 mi less a year

Eugene Solar Panel Installation Incentives & Rebates | 2024

If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your photovoltaic or wind turbine project. If you believe you might qualify, we suggest trying our REAP Grant eligibility tool to check.

Nearly all residents are eligible for the 30% federal income tax credit for residential solar, making it a feasible option in numerous states throughout the country. Additionally, a variety of state and local programs are available to promote solar 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?

If you intend to own your residence longer than the solar system's payback period, solar panels are a wise investment in Eugene. A 5 kW solar system in Eugene, OR could potentially save you $14,348.6 over the course of 20 years, with the break even point usually at 9 years.

The cost of not having solar panels in Eugene, 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. As recent examples in the news have shown, full reliance on your utility provider isn't always the best idea.

Annually, the average number of outages per customer in Eugene is about 0.38. The average length of an outage is 48.39 minutes. In events like winter storms, wildlife damage, or equipment failure, this duration can extend significantly.

Even without a backup battery, a solar panel system can help mitigate the strain of future outages you may face.

Power Outages

Currently, 0 customers are being tracked in Lane County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Eugene, OR?

Your Energy Needs - Even though larger solar panel systems are more expensive initially, the average price per watt decreases as the system size increases. A lot of people find it useful to set up a solar energy system that can offset their entire electric bill. This results in maximum savings.

Make & Model - There are numerous brands and models of solar panels. The preferences for system that your contractor has may make it essential to choose a reputable installer. The use of superior models is probably will result in a more satisfactory long-term experience for buyers.

Solar Panel Type - There are valid reasons why monocrystalline panels are now considered the industry standard. Although they are pricier, they provide increased energy. Most installers work with panels crafted of this material.

Your Property - Every home and property differs in its own way. Challenges such as trees, sloped land, or additional considerations can increase the difficulty of installing solar panels. By using satellite imagery, solar installers can currently assess your home and include these considerations into the first cost estimate.

Labor Rates - The wage differences between companies result in costs that are passed on to the consumers. Higher reviews for services and customer service are often associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will vary depending on local permitting and utility interconnection fees. Experienced local installers will include these figures in your initial estimates to provide transparency.

See what solar panels cost in other OR cities

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Who are the best solar installers in Eugene?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

A&R Solar

Seattle, WA(206) 707-9937

Services

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

Solgen Power

Pasco, WA(855) 709-1181

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

IonSOLAR

Provo, UT(888) 781-7074

Services

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

Sunlight Solar Energy

Bend, OR(541) 322-1910

Services

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

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Energy Design

Eugene, OR(541) 485-8122

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • 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.

Eugene, OR Solar Panel Cost FAQs

  • As of November, 2024, the average per-watt cost for solar panels in Eugene, OR is $3.35/W. Post federal tax credit, a 5 kW solar panel system installation in Eugene, OR will roughly cost $11,725.
  • Currently, Oregon residents can benefit from 30 rebates and incentives available through various utilities and government bodies. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Paying cash yields the most savings, but there are now numerous financing options for solar panels that are also financially beneficial. Financing details are often provided by installers and may be detailed in your initial quotes.
  • Yes, the payback period for 5 kW solar energy systems in Eugene, OR averages 9 years, with electricity savings of about $14,348.6 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-11-02