Solar Panels Cost 10k-20k in Liberty Lake, WA | October, 2024

Solar Panels Cost $10k-$20k in Liberty Lake, WA | October, 2024

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

In Liberty Lake, WA, the cost per watt for solar panel systems averages $3.62 per watt in October, 2024.

As a result of this rate per watt, expect costs to be $3,620, on average, for every 1000 watts (or 1 kW) of solar energy your solar system will need to produce. A 5 kW solar panel system in Liberty Lake is typically approximately $12,670 after accounting for the 30% federal income tax credit. To meet your energy demands, you could need more than a 5kW system.

Use the left-hand menu to select your area and view the typical roof size and the maximum capacity for solar panels on homes in your county. Below, you can see an outline of the price, payback period and 20 year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Liberty Lake: $12,670US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Liberty Lake: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Liberty Lake: $6,382US Average: $15,784

Solar Potential in Liberty Lake

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

Roof size 626sq. ft.
Capacity 8.75kW DC
Electricity 10.1kkWh AC per yr.

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

The average monthly cost for electricity in Liberty Lake is $102.01, with typical usage at 912 kWh. Flats and other smaller living spaces with reduced energy consumption are accounted for in this statistic.

The average rate for electricity in Liberty Lake, WA in October, 2024 is 11.18¢ per kWh.

In Liberty Lake, the typical electricity user needs a solar power setup of 8 kW or larger to account for their entire energy usage requirements. Right now, an 8 kW solar panel installation costs $20,272 when including the 30% federal income tax credit.

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Average solar panel costs by system size in Liberty Lake

On the left side below, the price breakdown for various sizes of the solar panel systems installed in Liberty Lake is shown. The larger the solar array, the higher the initial expense, but also the more considerable electricity savings and income tax credits you'll receive.

The breakdown of costs and benefits for solar panels, presented in the calculator down and to the right, is based on an average electric bill of $102.01 in Liberty Lake. To achieve personalized results, change the $102.01 to reflect your typical electricity payment.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $654 a year
Est. Price
$10,136
Savings from a 4kWthis system
  • Est. yearly production 5,944 kWh
  • Est. monthly savings $54
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 0.74 tons a year
  • Equivalent to planting 34 trees a year
  • Equivalent to driving 1,827 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $817 a year
Est. Price
$12,670
Savings from a 5kWthis system
  • Est. yearly production 7,430 kWh
  • Est. monthly savings $68
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 0.92 tons a year
  • Equivalent to planting 42 trees a year
  • Equivalent to driving 2,284 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $981 a year
Est. Price
$15,204
Savings from a 6kWthis system
  • Est. yearly production 8,916 kWh
  • Est. monthly savings $82
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 1.11 tons a year
  • Equivalent to planting 51 trees a year
  • Equivalent to driving 2,741 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,144 a year
Est. Price
$17,738
Savings from a 7kWthis system
  • Est. yearly production 10,402 kWh
  • Est. monthly savings $95
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 1.29 tons a year
  • Equivalent to planting 59 trees a year
  • Equivalent to driving 3,197 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,308 a year
Est. Price
$20,272
Savings from a 8kWthis system
  • Est. yearly production 11,888 kWh
  • Est. monthly savings $102
  • Full payback in 17 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

Liberty Lake Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Curious if you fall into this category? Verify your eligibility with our REAP Grant eligibility tool.

Most homeowners can benefit from the federal 30% income tax credit for solar panels, which renders installing solar energy a logical choice in several regions of the U.S. Besides this, numerous state and local programs aim to further encourage the adoption of solar power.

Washington features 14 solar rebate and incentive initiatives offered by multiple utilities and government bodies.

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 you're planning to live in your home past the solar system's payback period, solar panels are a smart decision in Liberty Lake. If you install a 5 kW solar system in Liberty Lake, WA, you might save $11,812.4 over 20 years on average, with a break even point at roughly 10 years.

The cost of not having solar panels in Liberty Lake, WA

Failing to install solar panels or an alternative backup energy results in missing the savings mentioned earlier and being entirely reliant on your electric utility for electricity. The media has demonstrated several cases where full reliance on your utility is not always ideal.

In recent years, the utilities in Liberty Lake have recorded an average of 2.02 outages per customer annually. Each outage, on average, lasts for 145.41 minutes. In the case of major events like earthquakes, construction accidents, or aging infrastructure, this period can rise substantially.

A solar panel system, whether it has a backup battery or not, could reduce the impact of future power outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Spokane County.

Learn more

Customers Out:

0

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

Your Energy Needs - Even if the initial expense is larger, the price per watt drops with larger solar panel systems. For most homeowners, setting up a system that can make enough power to eliminate their entire electric bill is useful, providing significant savings.

Make & Model - Just like many products, solar panels come in a wide variety of makes and models. It's essential to pick a highly rated installer, given the brand preferences that installers may have. Higher grade makes and models typically result in an better long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and rightly so. These panels are more expensive, yet they generate more energy. Many installers tend to work with panels constructed from this material.

Your Property - Each property and home has its own characteristics. Factors like trees, sloping terrain, or additional considerations can make the installation more challenging. Nowadays, most solar installers are able to leverage satellite images to evaluate your home and incorporate these factors for the preliminary cost estimate.

Labor Rates - Different companies offer different wages to their employees, and these costs are eventually passed on to the consumers. Businesses paying more to their employees typically garner higher reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees change by area and will influence your final install price. Good local installers will build these figures into your preliminary estimates to avoid any surprises.

See what solar panels cost in other WA cities

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Who are the best solar installers in Liberty Lake?

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

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

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

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.

Columbia Basin Solar

Pasco, WA(509) 521-2363

Services

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

Dividend Finance

San Francisco, CA(415) 805-7000

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

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

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

Puget Sound Solar

Seattle, WA(206) 706-1931

Services

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

LightEdison

Denver, CO(888) 966-6377

Services

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

Liberty Lake, WA Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Liberty Lake, WA as of October, 2024 is $3.62/W. The cost of installing a 5 kW solar panel system in Liberty Lake, WA is about $12,670 post federal tax credit.

  • Homeowners in Washington can take advantage of 14 different rebates and incentives from a variety of utility companies and government agencies. Additionally, almost everyone is entitled to the 30% federal income tax credit.

  • Although paying in cash provides the most savings, numerous financing options for solar panels now exist that are financially sensible. Many installers will detail information about their financing partners in the initial quotes they provide.

  • Yes, the typical payback time for 5 kW solar panel systems in Liberty Lake, WA is 10 years, and the expected electricity cost savings over 20 years is $11,812.4.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01