Solar Panels Cost 7.0k-16k in Cottage Lake CDP, WA | November, 2024

Solar Panels Cost $7.0k-$16k in Cottage Lake CDP, WA | November, 2024

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How much do solar panels cost in Cottage Lake CDP, WA in 2024?

The current cost per watt for solar in Cottage Lake CDP, WA in November, 2024 is $3.35/W.

Put another way, solar panels will cost you $3,350 per 1 kW (or 1000 watts) of generation capacity. When you subtract the 30% federal tax credit, you can expect to spend about $11,725 for a 5 kW panel install in Cottage Lake CDP. Note that a more powerful system may be necessary to meet your energy demands.

To your left, you have the option to choose your county and view the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see an analysis of the price, 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.
Cottage Lake CDP: $11,725US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Cottage Lake CDP: 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.
Cottage Lake CDP: $9,864US Average: $16,169

Solar Potential in Cottage Lake CDP

Estimated system size and solar electricity production per median viable roof in
Cottage Lake CDP.

Roof size 644sq. ft.
Capacity 9kW DC
Electricity 8.8kkWh AC per yr.

Electricity Costs in Cottage Lake CDP, WA & What that Means for Your Solar Panel Pricing

Cottage Lake CDP residents generally consume 818 kWh of electricity each month, with bills around $110.89. Bear in mind that this statistic covers smaller residences including apartments, known for reduced energy use.

The rate of electricity in Cottage Lake CDP, WA, on average, is 13.56¢ per kWh for November 2024.

If you’re an average electricity user in Cottage Lake CDP, you may need a solar panel system sized at 7 kW or above to take care of your electricity needs. Presently, a 7 kW setup costs $16,415 after the 30% federal income tax credit.

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Average solar panel costs by system size in Cottage Lake CDP

Displayed on the left, you will find a cost summary for multiple solar panel system sizes set up in Cottage Lake CDP. Naturally, a larger solar system requires a greater initial expense, but it also translates to more significant electricity savings and more substantial income tax credits.

The solar panel cost calculator, positioned down and to the right, provides a cost-benefit analysis using an average $110.89 electric bill for Cottage Lake CDP. For personalized results, update the $110.89 to whatever your usual electricity bill is.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $624 a year
Est. Price
$7,035
Savings from a 3kWthis system
  • Est. yearly production 4,458 kWh
  • Est. monthly savings $52
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 0.67 tons a year
  • Equivalent to planting 31 trees a year
  • Equivalent to driving 1,648 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $832 a year
Est. Price
$9,380
Savings from a 4kWthis system
  • Est. yearly production 5,944 kWh
  • Est. monthly savings $69
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 0.89 tons a year
  • Equivalent to planting 41 trees a year
  • Equivalent to driving 2,197 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,040 a year
Est. Price
$11,725
Savings from a 5kWthis system
  • Est. yearly production 7,430 kWh
  • Est. monthly savings $87
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 1.11 tons a year
  • Equivalent to planting 51 trees a year
  • Equivalent to driving 2,747 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,248 a year
Est. Price
$14,070
Savings from a 6kWthis system
  • Est. yearly production 8,916 kWh
  • Est. monthly savings $104
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.33 tons a year
  • Equivalent to planting 61 trees a year
  • Equivalent to driving 3,296 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,456 a year
Est. Price
$16,415
Savings from a 7kWthis system
  • Est. yearly production 10,402 kWh
  • Est. monthly savings $111
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 1.42 tons a year
  • Equivalent to planting 65 trees a year
  • Equivalent to driving 3,517 mi less a year

Cottage Lake CDP Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant offers substantial financial support, potentially covering 80% to 100% of the costs for rural businesses and agricultural operations to install photovoltaic or wind energy systems. Think you might be eligible? Verify your qualification with our REAP Grant eligibility tool.

Thanks to the 30% federal income tax credit, residential solar installations are accessible for most people, turning solar power a sensible investment in various states. Furthermore, a variety of state and local programs are available to encourage solar adoption.

There are 14 solar rebate and incentive initiatives currently offered in Washington by various utilities and government bodies.

Solar incentives in WA

Renewable Energy Sales and Use Tax Exemption

Value:Varies

Most renewable energy systems in Washington state are at least partially exempt from sales/use tax. Qualifying technologies include solar, wind, some biomass, hydroelectric, geothermal, landfill gas, and hog fuel (wood-burning.) Total exemptions are available for hog fuel systems and solar devices rated for less than 10 kW. Other systems will receive a 75% exemption applied at the time of purchase. Exemption certificates are available from the Department of Revenue and must be presented to the equipment dealer.

Renewable Energy Standard

Value:Varies

Washington first established a renewable portfolio standard in 2006 upon the passage of a statewide referendum. The most recent standard goals required at least 15% of each utility's retail electricity to be generated using renewable technology by 2020. Compliance with the standard is measured using a Renewable Energy Credit system pegging one megawatt hour of electricity to a variable dollar amount. Utilities may generate credits using their own renewable facilities or purchase them from customers through tariff programs. Should a utility fail to meet its standard quota, it will be fined for each credit it is deficient. Utilities are exempt from the standard if they do not have load growth or if renewable energy investment would not be cost-effective.

Interconnection Standards

Value:Varies

Distributed generation and interconnection practices in Washington state have been standardized since 2007. All private utilities are subject to the standards; local public utilities and cooperatives are exempt. Each new renewable energy system to be interconnected will be assigned one of three regulatory Tiers. A system's Tier determines the IEEE/UL/NEC standards it must follow and the rigor of the permit process, including application fees and turnaround times. Tier 1 ends at 25 kW, while Tier 2 ends at 500 kW. External disconnect switches are required for systems at or above Tier 2. Utilities may require customers to carry liability insurance or a minimum warranty for their system.

Green Building and Energy Reduction Standards for State Agencies

Value:Varies

Since 2005, new state buildings and public remodeling projects in Washington state have been required to follow certain green building standards. Any new occupied public building at least 25,000 square feet in size must meet the requirements for LEED Silver certification and pursue formal accreditation from the US Green Building Council. Remodeling projects should incorporate as many LEED principles as possible, though they are not required to pursue formal certification. Additional information is available from the Washington Department of Enterprise Services.

Clark Public Utilities - Solar Energy Equipment Loan

Value:Varies

Residential customers of Clark Public Utilities may be eligible for special loans to fund new solar energy systems and components. The maximum available principal per loan is $30,000 at 3.5% APR. The principal determines both repayment period duration and the applicable fees and conditions. Additional information is available from the CPU website.

Grays Harbor PUD - Net Metering

Value:Varies

The Grays Harbor Public Utility District operates a unique net metering program. Credits for net excess generation are awarded at the end of each year and amount to half of the normal retail price. While the Grays Harbor program technically does not follow the letter of the state's net metering laws, customers may earn additional benefits and have a greater incentive to adopt renewable energy. Additional information is available through the utility website.

WSHFC Sustainable Energy Program

Value:Varies

The Sustainable Energy Program/Trust is a division of the Washington State Housing Finance Commission. Residents and businesses undertaking new green construction or making energy efficiency improvements may be eligible for at least $50,000 of special financing. Interest rates of 2 - 4% are available. To qualify, a project should improve the site or entity's energy efficiency by at least 10%. Standard engineering reviews and pre/post-work energy audits apply. Additional information is available from the WSHFC website.

Evergreen Sustainable Development Standard for Affordable Housing

Value:Varies

The Evergreen Sustainable Development Standard is Washington's green building rubric tailored for new affordable housing. Standards are based on LEED and incur points for compliance. Small energy efficiency practices can earn 1 point, using renewable energy (such as solar PV) can earn five points, and exceeding the total standard will earn 15 points. New affordable housing projects should earn at least 50 points; remodeling projects should earn at least 40 points. Additional information and a copy of the standard are available from the Washington State Department of Commerce.

Renewable Energy Manufacturing Program

Value:Varies

The Sustainable Energy Program/Trust is a division of the Washington State Housing Finance Commission. Residents and businesses undertaking new green construction or making energy efficiency improvements may be eligible for at least $50,000 of special financing. Interest rates of 2 - 4% are available. To qualify, a project should improve the site or entity's energy efficiency by at least 10%. Standard engineering reviews and pre/post-work energy audits apply. Additional information is available from the WSHFC website.

Mandatory Utility Green Power Option

Value:Varies

Washington state law requires all public or private electrical utilities with a customer base of at least 25,000 to offer green power options. Customers can purchase 100% renewable energy in fixed blocks. This energy may be derived from solar, wind, biomass, hydroelectric, landfill gas, or a combination of these technologies. Each customer will be notified of the green power option on a quarterly basis. Annual reports on program uptake and resources are available from the state legislature.

Tax Abatement for Solar Manufacturers

Value:Varies

In 2005, former Washington governor Christine Gregoire approved a legislative corporate tax cut for the state's solar energy device and component manufacturers. Current tax rates for these companies are at least 43% below the average liability. Tax incentives only apply to businesses producing silicon components, semiconductors, solar cells, converters, and other components directly involved in the production of photovoltaic energy. The special rates expire in 2027. Additional information is available from the Department of Revenue.

Net Metering

Value:Varies

In Washington, any renewable energy system rated for under 100 kW is eligible for net metering. All public/private utilities and cooperatives must offer interconnection and net metering to new renewable energy customers. Upon agreeing to a net metering contract, the energy system's owner will have a bidirectional meter installed to measure net excess generation (NEG) sent back to the grid. Utilities will credit customer bills for NEG at an avoided-cost rate per kilowatt hour. Should generation exceed consumption for any given cycle, NEG credits may roll forward to subsequent months. Additional information is available from the Washington Utilities and Transportation Commission.

Renewable Energy Cost Recovery Incentive Payment

Value:Varies

The Sustainable Energy Program/Trust is a division of the Washington State Housing Finance Commission. Residents and businesses undertaking new green construction or making energy efficiency improvements may be eligible for at least $50,000 of special financing. Interest rates of 2 - 4% are available. To qualify, a project should improve the site or entity's energy efficiency by at least 10%. Standard engineering reviews and pre/post-work energy audits apply. Additional information is available from the WSHFC website.

Energy Efficiency and Solar Grants

Value:Varies

The Sustainable Energy Program/Trust is a division of the Washington State Housing Finance Commission. Residents and businesses undertaking new green construction or making energy efficiency improvements may be eligible for at least $50,000 of special financing. Interest rates of 2 - 4% are available. To qualify, a project should improve the site or entity's energy efficiency by at least 10%. Standard engineering reviews and pre/post-work energy audits apply. Additional information is available from the WSHFC website.

Are solar panels worth it in Washington?

If your plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a smart move in Cottage Lake CDP. With a 5 kW solar system in Cottage Lake CDP, WA, the average savings over a 20 period is $14,888.6, with break even usually occurring at 9 years.

The cost of not having solar panels in Cottage Lake CDP, WA

Without solar panels or another backup power source, you miss out on the savings highlighted previously and rely entirely on your electric utility for electricity. Recent media examples have revealed that complete dependence on your utility company isn't always the best condition.

Residents in Cottage Lake CDP have seen an average of 1.1 utility outages per year in recent times. Outages typically last for an average of 167 minutes. Major occurrences like vandalism, grid management errors or hurricanes can lead to a significant rise in these time frames.

Owning a solar panel system, with or without a backup battery, could reduce the pressure of any future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in King County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Cottage Lake CDP, WA?

Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the greater upfront expense. Homeowners often realize that setting up a solar system that can cover their entire electric bill is advantageous, resulting in optimal savings.

Make & Model - Solar panels come in a range of makes and models. Considering the brand preferences that your installer may have, it's essential to select a reputable installer. For consumers desiring a better long-term experience, investing in superior quality makes and models is critical.

Solar Panel Type - For many good reasons, monocrystalline panels are now the standard in the industry. Even though they are pricier, they generate additional energy. Many installers utilize panels made from this material.

Your Property - Each property and home is one of a kind. Uneven ground, trees, or additional hindrances can increase the difficulty of installing solar panels. By using satellite images, the majority of solar installers nowadays can evaluate your home and incorporate these factors into the initial cost estimate.

Labor Rates - Employees are paid varied wages from different companies, and these costs are handed down to the consumers. Paying higher wages typically results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees change locally and will influence your installation cost. Quality installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other WA cities

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Who are the best solar installers in Cottage Lake CDP?

A&R Solar

Seattle, WA(206) 707-9937

Services

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

Western Solar

Bellingham, WA(360) 746-0859

Services

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

Douglass Colony Group

Commerce City, CO(877) 288-0650

Services

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

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

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

Core Development Group

(201) 825-2195

Services

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

Solgen Power

Pasco, WA(855) 709-1181

Services

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

Elemental Energy

Portland, OR(503) 967-5786

Services

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

Whidbey Sun & Wind

Coupeville, WA(360) 678-7131

Services

  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

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

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

Forecast Solar

Everett, WA(425) 487-6000

Services

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

Whidbey Sun and Wind

(360) 678-7131

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Northwest Electric & Solar

Kenmore, WA(206) 356-0601

Services

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

Pinnacle Roofing Professionals

Lynnwood, WA(206) 919-3538

Services

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

Puget Sound Solar

Seattle, WA(206) 706-1931

Services

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

LightEdison

Denver, CO(888) 966-6377

Services

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

Sunergy Systems

Seattle, WA(206) 279-0493

Services

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

Cottage Lake CDP, WA Solar Panel Cost FAQs

  • In Cottage Lake CDP, WA, the mean cost per watt for solar panels as recorded in November, 2024 is $3.35/W. The cost of installing a 5 kW solar panel system in Cottage Lake CDP, WA is about $11,725 post federal tax credit.
  • Right now, Washington has 14 rebates and incentives available through a variety of utility companies and government entities. In addition, the 30% federal income tax credit is available to almost everyone.
  • Opting for cash payments results in the highest savings, but there are now numerous financing options for solar panels that are financially sensible. Many installers have partnerships with financing companies and will provide this information in your initial quotes.
  • Yes, in Cottage Lake CDP, WA, the average time for 5 kW solar panel systems to pay for themselves is 9 years, leading to electricity savings of $14,888.6 over a 20-year period.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-01