Solar Panels Cost 9.2k-18k in Maltby CDP, WA | October, 2024

Solar Panels Cost $9.2k-$18k in Maltby CDP, WA | October, 2024

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

You'll spend $3.32/W to get solar panels in the month of October, 2024 in Maltby CDP, WA.

Applying this price per watt, we are able to conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,320 for installation. After receiving the 30% federal tax credit, you can expect to pay about $11,620, in Maltby CDP, for a 5 kW solar panel system. It's important to consider that a bigger system might be essential to satisfy your energy requirements.

Use the left-hand menu to select your area and view the average roof size and the maximum production capacity for residential solar on homes in your county. The following breakdown, below, highlights 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.
Maltby CDP: $11,620US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Maltby 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.
Maltby CDP: $8,269US Average: $15,784

Solar Potential in Maltby CDP

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

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 9.4kkWh AC per yr.

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

The average electric bill for a Maltby CDP energy consumer is $103.62, with monthly usage averaging 935 kWh. Be aware that this number covers apartments and other smaller homes, which generally use less energy.

In October 2024, the electricity rate in Maltby CDP, WA is 11.08¢ per kWh.

In Maltby CDP, a typical electricity consumer's electricity requirements can be completely accounted for by a solar panel system with a production capacity of 8 kW or more. At this time, an 8 kW solar installation will be priced at around $26,560initially, but thanks to the 30% federal tax credit, you receive 30% back, lowering the price to $18,592.

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Average solar panel costs by system size in Maltby CDP

On your left, you will see a detailed cost analysis for various solar panel system sizes installed in Maltby CDP. When you choose a larger solar system, the cost is greater, but it also leads to more significant electricity savings and a more substantial income tax credit.

The solar panel cost calculator below and to the right details costs and benefits, considering an average $103.62 electric bill in Maltby CDP To get results more customized, modify the $103.62 to align with your regular electricity bill.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $654 a year
Est. Price
$9,296
Savings from a 4kWthis system
  • Est. yearly production 5,944 kWh
  • Est. monthly savings $54
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 0.72 tons a year
  • Equivalent to planting 33 trees a year
  • Equivalent to driving 1,792 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $817 a year
Est. Price
$11,620
Savings from a 5kWthis system
  • Est. yearly production 7,430 kWh
  • Est. monthly savings $68
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 0.9 tons a year
  • Equivalent to planting 42 trees a year
  • Equivalent to driving 2,240 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $981 a year
Est. Price
$13,944
Savings from a 6kWthis system
  • Est. yearly production 8,916 kWh
  • Est. monthly savings $82
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.09 tons a year
  • Equivalent to planting 50 trees a year
  • Equivalent to driving 2,688 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,144 a year
Est. Price
$16,268
Savings from a 7kWthis system
  • Est. yearly production 10,402 kWh
  • Est. monthly savings $95
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 1.27 tons a year
  • Equivalent to planting 58 trees a year
  • Equivalent to driving 3,136 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,308 a year
Est. Price
$18,592
Savings from a 8kWthis system
  • Est. yearly production 11,888 kWh
  • Est. monthly savings $104
  • Full payback in 15 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

Maltby CDP Solar Panel Installation Incentives & Rebates | 2024

If you currently own a agricultural property or small business in a rural area, the REAP Grant could cover between 80% and 100% of your solar energy or wind turbine installation costs. To see if you qualify, use our REAP Grant eligibility tool.

A 30% federal tax credit is accessible to most homeowners for residential solar installations, which renders solar energy a practical choice in numerous regions throughout the United States. Furthermore, many regional and state programs are designed to encourage more people to switch to solar power.

Multiple utilities and governmental organizations in Washington offer 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?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Maltby CDP. Installing a 5 kW solar system in Maltby CDP, WA will, on average, save you $13,248.8 over 20 years, and you can expect to break even in about 9 years.

The cost of not having solar panels in Maltby CDP, WA

Besides forgoing the aforementioned savings, not having solar panels or any backup energy system makes you totally reliant on your electric utility for power. Several recent examples in the news have revealed that full reliance on your utility company isn't always ideal.

Generally, customers in Maltby CDP encounter around 1.14 outages. On average, the length of an outage is 137.7 minutes. Major events like lightning strikes, overloaded power grids, or vandalism can cause these durations to rise considerably.

Whether a backup battery is present or not, a solar panel system could ease the burden of potential future outages.

Power Outages

Currently, 0 customers are being tracked in Snohomish County.

Learn more

Customers Out:

0

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

Your Energy Needs - The upfront cost for larger solar panel systems is greater, but the cost per watt diminishes as the system size increases. Homeowners often discover that installing a solar system that can offset their entire electric bill is beneficial, resulting in maximum savings.

Make & Model - Similar to other items, solar panels and mounting equipment are available in a wide variety of makes and models. The preferences for brand that your installer has may make it essential to select a reputable installer. The selection of superior makes and models can substantially improve the long-term experience for buyers.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. Even though they are costlier, they provide additional energy. Most installers use panels constructed from this material.

Your Property - Each property and residence is unique. Issues like irregular terrain, trees, or additional obstacles may add to the complexity of the installation. Nowadays, satellite images allow many solar installers to evaluate your home and factor in these elements into the first cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are borne by the consumers. Higher reviews for work and customer service are frequently associated with businesses that pay higher wages.

Permitting & Interconnection - The cost of installation will be impacted by different local permitting and utility interconnection fees. Reliable local installers will integrate these figures into your preliminary estimates to prevent any surprises.

See what solar panels cost in other WA cities

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Who are the best solar installers in Maltby CDP?

A&R Solar

Seattle, WA(206) 707-9937

Services

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

Douglass Colony Group

Commerce City, CO(877) 288-0650

Services

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

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

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

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

Dividend Finance

San Francisco, CA(415) 805-7000

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • 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.
  • Consulting on all things solar related.

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

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

Puget Sound Solar

Seattle, WA(206) 706-1931

Services

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

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 solar arrays.
  • Installation of batteries for energy storage.

Barron Heating and AC

Ferndale, WA(360) 676-1131

Services

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

Maltby CDP, WA Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Maltby CDP, WA is $3.32/W. With the federal tax credit, the cost of a 5 kW solar panel system in Maltby CDP, WA drops to roughly $11,620.

  • Utilities and government agencies in Washington are currently offering 14 different rebates and incentives. On top of that, nearly everyone can qualify for the 30% federal tax credit.

  • While cash payments offer the most savings, there are now various financing options for solar panels that are also financially beneficial. Information about financing options will often be provided in your preliminary quotes by many installers.

  • Yes, the payback period for 5 kW solar energy systems in Maltby CDP, WA averages 9 years, with electricity savings of about $13,248.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01