Solar Panels Cost 9.4k-18k in Lakeland South CDP, WA | October, 2024

Solar Panels Cost $9.4k-$18k in Lakeland South CDP, WA | October, 2024

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How much do solar panels cost in Lakeland South CDP, WA in 2024?

Having solar panels in Lakeland South CDP, WA is $3.36/W in the month of October, 2024.

It will cost you $3,360, on average, per 1K (or 1000 watts) your panels is able to produce. When you subtract the 30% federal tax credit, you will spend approximately $11,760 for a 5 kW solar panel system in Lakeland South CDP. To ensure your energy demands are met, you may require more than a 5kW system.

On the left, choose your area to view the typical roof size and the maximum production capacity for solar panel systems on homes in your county. You can also see an outline of the costs, 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.
Lakeland South CDP: $11,760US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Lakeland South CDP: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Lakeland South CDP: $12,305US Average: $15,784

Solar Potential in Lakeland South CDP

Estimated system size and solar electricity production per median viable roof in
Lakeland South CDP.

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

Electricity Costs in Lakeland South CDP, WA & What that Means for Your Solar Panel Pricing

For Lakeland South CDP energy consumers, the average electric bill is $121.27 per month, with a usage of 870 kWh. Compact homes, including micro-apartments, are also encompassed in the data cited in the {previous|prior sentence.

The average electricity rate in Lakeland South CDP, WA in October 2024 is 13.93¢ per kWh.

To account for their full energy usage requirements of an average user in Lakeland South CDP, a solar panel system of 8 kW or more is required. At this time, an 8 kW solar setup has an upfront cost of about $26,880, but after a 30% tax credit, it drops to $18,816

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Average solar panel costs by system size in Lakeland South CDP

To the left, you will find a breakdown of prices for various solar panel system sizes installed in Lakeland South CDP. When you select a larger solar system, the cost is higher, but it also yields greater electricity savings and a greater income tax credit.

The solar panel calculator, situated below and to the right, gives a detailed cost and benefit analysis based on a typical $121.27 electric bill for Lakeland South CDP. Swap the $121.27 with your usual electricity bill to get customized results.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $832 a year
Est. Price
$9,408
Savings from a 4kWthis system
  • Est. yearly production 5,944 kWh
  • Est. monthly savings $69
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 0.79 tons a year
  • Equivalent to planting 36 trees a year
  • Equivalent to driving 1,960 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,040 a year
Est. Price
$11,760
Savings from a 5kWthis system
  • Est. yearly production 7,430 kWh
  • Est. monthly savings $87
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 0.99 tons a year
  • Equivalent to planting 45 trees a year
  • Equivalent to driving 2,450 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,248 a year
Est. Price
$14,112
Savings from a 6kWthis system
  • Est. yearly production 8,916 kWh
  • Est. monthly savings $104
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 1.19 tons a year
  • Equivalent to planting 55 trees a year
  • Equivalent to driving 2,940 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,456 a year
Est. Price
$16,464
Savings from a 7kWthis system
  • Est. yearly production 10,402 kWh
  • Est. monthly savings $121
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.38 tons a year
  • Equivalent to planting 63 trees a year
  • Equivalent to driving 3,420 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,664 a year
Est. Price
$18,816
Savings from a 8kWthis system
  • Est. yearly production 11,888 kWh
  • Est. monthly savings $121
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 1.38 tons a year
  • Equivalent to planting 63 trees a year
  • Equivalent to driving 3,420 mi less a year

Lakeland South CDP Solar Panel Installation Incentives & Rebates | 2024

For rural small businesses and agricultural enterprises, the REAP Grant could provide funding that covers between 80% and 100% of the necessary expenses for installing renewable energy systems. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.

Nearly all residents can qualify for a 30% federal income tax credit for residential solar, which makes it a feasible option in numerous areas of the United States. In addition, there are many state and local initiatives aimed at further promote the uptake of solar energy.

Multiple utilities and government agencies in Washington have 14 solar rebate and incentive programs.

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?

Homeowners in Lakeland South CDP who intend to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. With a 5 kW solar system in Lakeland South CDP, WA, the average savings over a 20 period is $17,344.8, with break even typically occurring at 8 years.

The cost of not having solar panels in Lakeland South CDP, WA

If you don't have solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. The news has recently demonstrated that relying entirely on your utility provider isn't always ideal.

In a typical year, customers in Lakeland South CDP encounter around 1.09 outages. On average, each outage lasts for 196 minutes. Major events like wildlife damage, aging infrastructure or heavy rain and flooding can considerably extend these durations.

A solar panel system with (or without) a backup battery could ease the pressure of future outages you encounter.

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 Lakeland South CDP, WA?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is higher. Setting up a solar system that produces sufficient electricity to eliminate their electric bill is beneficial to most homeowners, ensuring savings.

Make & Model - Just like other industries, the solar energy sector offers a range of solar panel and mounting equipment brands and designs. Since your installer may prefer certain brands, it's essential to pick a recommended company. Selecting superior quality materials usually ensures a more favorable long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. These panels are more expensive but offer a higher energy efficiency. Many installers in the industry use panels crafted of this material.

Your Property - Sloping terrain, trees, or additional considerations can increase the difficulty of the installation. These days, solar installers typically use satellite images to assess your home and include these elements into the first cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these costs are borne by the consumers. Businesses that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be impacted by the local permitting and utility interconnection fees, which vary depending on the area. That said, quality local installers will be able to incorporate these numbers into your first quotes so there are no surprises.

See what solar panels cost in other WA cities

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Who are the best solar installers in Lakeland South CDP?

A&R Solar

Seattle, WA(206) 707-9937

Services

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

Douglass Colony Group

Commerce City, CO(877) 288-0650

Services

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

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

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

Solgen Power

Pasco, WA(855) 220-0778

Services

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

Elemental Energy

Portland, OR(503) 967-5786

Services

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

Whidbey Sun & Wind

Coupeville, WA(360) 678-7131

Services

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

Dividend Finance

San Francisco, CA(415) 805-7000

Services

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

Whidbey Sun and Wind

Coupeville, WA(360) 678-7131

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Northwest Electric & Solar

Kenmore, WA(206) 356-0601

Services

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

Puget Sound Solar

Seattle, WA(206) 706-1931

Services

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

LightEdison

Denver, CO(888) 966-6377

Services

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

Sunergy Systems

Seattle, WA(206) 279-0493

Services

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

Lakeland South CDP, WA Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Lakeland South CDP, WA has reached $3.36/W. In Lakeland South CDP, WA, the cost of installing a 5 kW solar panel system is approximately $11,760 after applying the federal tax credit.

  • Right now, Washington has 14 rebates and incentives available through a variety of utility companies and government entities. Furthermore, almost all individuals are entitled to the 30% federal income tax credit.

  • Even though paying cash offers the best savings, there are now multiple financing options for solar panels that are also financially beneficial. Many installers will include information about financing options in their initial quotes.

  • Yes, the typical payback time for 5 kW solar panel systems in Lakeland South CDP, WA is 8 years, and the expected electricity cost savings over 20 years is $17,344.8.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01