Solar Panels Cost 12k-22k in Port Ludlow CDP, WA | October, 2024

Solar Panels Cost $12k-$22k in Port Ludlow CDP, WA | October, 2024

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

For the month of October, 2024, the price per watt of solar panels in Port Ludlow CDP, WA is $3.53/W, on average.

For every 1000 watts (1 kW) your solar system can generate, you will have to spend, on average, $3,530 for installation. We are able to come to this conclusion in accordance with this rate price cost per watt. A 5 kW solar panel install in Port Ludlow CDP will typically cost you $12,355 after applying the 30% federal tax credit. Your electricity use habits might need a bigger system.

To the left, you have the option to select your county and view the average roof size along with the average maximum capacity for solar panels in homes in your area. Outlined below are the costs, 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.
Port Ludlow CDP: $12,355US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Port Ludlow 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.
Port Ludlow CDP: $14,462US Average: $15,784

Solar Potential in Port Ludlow CDP

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

Roof size 813sq. ft.
Capacity 11.38kW DC
Electricity 11.9kkWh AC per yr.

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

For Port Ludlow CDP energy consumers, the average electric bill is $133.80 per month, with a usage of 998 kWh. Small residences, including duplexes, are also encompassed in the statistics cited in the previous sentence.

As of October 2024, the mean rate for electricity per kWh in Port Ludlow CDP, WA is 13.41¢.

If you’re a typical energy user in Port Ludlow CDP, you will need a solar system sized at 9 kW or more to meet your electricity needs. At the moment, a 9 kW solar panel installation is priced at $31,770, but with a 30% tax credit, it is reduced to $22,239

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Average solar panel costs by system size in Port Ludlow CDP

On the left and below, you can see the cost breakdown for different sizes of the solar panel systems set up in Port Ludlow CDP. A bigger solar array will expectedly cost more, but it will also yield more significant electricity savings and increased income tax credits.

Using the solar panel cost calculator situated below and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $133.80 in Port Ludlow CDP. To get results more personalized, change the $133.80 to match your average electricity bill.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $966 a year
Est. Price
$12,355
Savings from a 5kWthis system
  • Est. yearly production 7,430 kWh
  • Est. monthly savings $80
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 0.83 tons a year
  • Equivalent to planting 38 trees a year
  • Equivalent to driving 2,054 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,159 a year
Est. Price
$14,826
Savings from a 6kWthis system
  • Est. yearly production 8,916 kWh
  • Est. monthly savings $97
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 1 tons a year
  • Equivalent to planting 46 trees a year
  • Equivalent to driving 2,465 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,352 a year
Est. Price
$17,297
Savings from a 7kWthis system
  • Est. yearly production 10,402 kWh
  • Est. monthly savings $113
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 1.16 tons a year
  • Equivalent to planting 53 trees a year
  • Equivalent to driving 2,876 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,545 a year
Est. Price
$19,768
Savings from a 8kWthis system
  • Est. yearly production 11,888 kWh
  • Est. monthly savings $129
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 1.33 tons a year
  • Equivalent to planting 61 trees a year
  • Equivalent to driving 3,287 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,739 a year
Est. Price
$22,239
Savings from a 9kWthis system
  • Est. yearly production 13,374 kWh
  • Est. monthly savings $134
  • Full payback in 14 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

Port Ludlow 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. Curious about your eligibility? Use our REAP Grant eligibility tool to check.

A 30% federal tax credit is offered to most homeowners for residential solar installations, which renders solar energy a feasible choice in various regions in the United States. In addition to the federal incentives, state and local programs also seek to boost solar energy uptake.

A number of utilities and governmental bodies in Washington provide 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're expecting to live in your home past the solar system's payback period, solar panels are a smart decision in Port Ludlow CDP. A 5 kW solar system in Port Ludlow CDP, WA could potentially save you $19,757 over the course of 20 years, with the break even point typically at 8 years.

The cost of not having solar panels in Port Ludlow CDP, WA

The absence of solar panels or an alternative energy backup means that you forgo the savings noted earlier and are wholly reliant on your electric utility for electricity. The news has recently pointed out that full reliance on your utility is not always ideal.

Annually, the average number of outages per customer in Port Ludlow CDP is about 2.13. Usually, outages have an average duration of 473.1 minutes. However, during critical events like equipment failure, landslides or planned maintenance, these times can extend dramatically.

Installing a solar panel system, irrespective of whether it has a backup battery, could reduce the pressure of future outages you might experience.

Power Outages

Currently, 0 customers are being tracked in Jefferson County.

Learn more

Customers Out:

0

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

Your Energy Needs - While the upfront cost is higher, the price per watt declines with larger solar panel systems. Numerous people find it useful to set up a solar energy system that can replace their entire electric bill. This leads to maximum savings.

Make & Model - Like many other products, there are various makes and models of solar panels available. The installer you select may have specific system preferences, so it's crucial to pick a reputable contractor. Buyers who choose better equipment typically enjoy a better long-term experience.

Solar Panel Type - There's a good reason why monocrystalline panels are now the industry standard. These panels are more costly, yet they generate more energy. The majority of installers usually utilize panels crafted of this material.

Your Property - Every property and home is distinct. Trees, uneven ground, or additional challenges can make the installation more difficult. Many solar installers now are able to utilize satellite imagery to assess your home and factor in these elements in the first cost estimate.

Labor Rates - The wages that companies pay their employees are different, and these expenses are ultimately passed on in consumer prices. It is frequent for businesses that offer higher wages to get better reviews for their services and customer service.

Permitting & Interconnection - Your installation cost will be impacted by area-specific permitting and utility interconnection fees. Reliable installers will factor these costs into your preliminary 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 Port Ludlow 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

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

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

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

Solgen Power

Pasco, WA(855) 220-0778

Services

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

Elemental Energy

Portland, OR(503) 967-5786

Services

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

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

Puget Sound Solar

Seattle, WA(206) 706-1931

Services

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

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.

Port Ludlow CDP, WA Solar Panel Cost FAQs

  • The average solar panel cost in Port Ludlow CDP, WA as of October, 2024 is estimated at $3.53/W. The approximate cost of a 5 kW solar panel system in Port Ludlow CDP, WA, after deducting federal tax credits, is $12,355.

  • Residents of Washington can currently take advantage of 14 rebates and incentives offered by various utilities and government bodies. Moreover, the 30% federal tax credit is accessible to nearly everyone.

  • Although cash payments provide the greatest savings, many financing options for solar panels now exist that are also cost-effective. Installers will often include details on financing partners in the quotes they provide initially.

  • Yes, the payback period for 5 kW solar energy systems in Port Ludlow CDP, WA averages 8 years, with electricity savings of about $19,757 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01