Solar Panels Cost 11k-20k in Spanaway CDP, WA | October, 2024

Solar Panels Cost $11k-$20k in Spanaway CDP, WA | October, 2024

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

You will spend around $3.24/W in Spanaway CDP, WA in the month of October, 2024 to have solar panels installed.

Stemming from the price per watt, we are able to come to the conclusion that for every 1 kW (1000 watts) your system can produce you will invest $3,240 to get your panels installed. In Spanaway CDP, you can expect to pay about $11,340 for a 5 kW system once the 30% federal income tax credit is factored in. In accordance with your energy usage, your home may need a bigger system.

To the left, you can select your county to access information on the typical roof size and the maximum capacity of residential solar for houses in your area. Below, you can see a full analysis of the costs, 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.
Spanaway CDP: $11,340US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Spanaway CDP: 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.
Spanaway CDP: $7,133US Average: $15,784

Solar Potential in Spanaway CDP

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

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 9.8kkWh AC per yr.

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

The average monthly electric bill for a Spanaway CDP energy consumer is $97.22, with an typical usage of 1,063 kWh. Compact dwellings, such as townhouses and condos, are also covered in the figures noted in the prior sentence.

In October 2024, Spanaway CDP, WA's mean electricity rate is 9.15¢ per kWh.

To take care of the electricity requirements of a typical consumer in Spanaway CDP, a solar system of 9 kW or higher is necessary. After incentives, a 9 kW solar system is priced at around $20,412.

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Average solar panel costs by system size in Spanaway CDP

To the left and below, the cost breakdown for different sizes of the solar panel systems installed in Spanaway CDP is displayed. Naturally, a larger solar system implies a greater upfront cost, but it also translates to more significant electricity savings and larger income tax credits.

The breakdown of costs and benefits for solar panels, shown in the calculator down and to the right, is based on an average electric bill of $97.22 in Spanaway CDP. Swap the $97.22 with your usual electricity bill to get more accurate results.

System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $669 a year
Est. Price
$11,340
Savings from a 5kWthis system
  • Est. yearly production 7,430 kWh
  • Est. monthly savings $56
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 0.79 tons a year
  • Equivalent to planting 36 trees a year
  • Equivalent to driving 1,965 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $802 a year
Est. Price
$13,608
Savings from a 6kWthis system
  • Est. yearly production 8,916 kWh
  • Est. monthly savings $67
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 0.95 tons a year
  • Equivalent to planting 44 trees a year
  • Equivalent to driving 2,358 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $936 a year
Est. Price
$15,876
Savings from a 7kWthis system
  • Est. yearly production 10,402 kWh
  • Est. monthly savings $78
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 1.11 tons a year
  • Equivalent to planting 51 trees a year
  • Equivalent to driving 2,751 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,070 a year
Est. Price
$18,144
Savings from a 8kWthis system
  • Est. yearly production 11,888 kWh
  • Est. monthly savings $89
  • Full payback in 16 years
Environmental Impacts
  • Reduces CO2 emissions by 1.27 tons a year
  • Equivalent to planting 58 trees a year
  • Equivalent to driving 3,144 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,204 a year
Est. Price
$20,412
Savings from a 9kWthis system
  • Est. yearly production 13,374 kWh
  • Est. monthly savings $97
  • 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

Spanaway CDP Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and farms. Verify if you are eligible by utilizing our REAP Grant eligibility tool.

With the availability of a 30% federal income tax credit, solar energy becomes a viable solution for almost all homeowners, especially in various parts of the country. State and local efforts are also in place to boost the growth of solar energy use.

A total of 14 solar incentive and rebate programs are available in Washington from multiple utilities and government organizations.

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 you intend to live in your home beyond the payback period of your solar system, solar panels are an excellent choice in Spanaway CDP. A 5 kW solar system in Spanaway CDP, WA might save you an average of $11,992.8 over 20 years, with the break even point typically being 10 years.

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

Skipping solar panels or an alternative backup energy source results in you'll miss out on the savings mentioned above and be completely dependent on your electric utility for power. Full reliance on your utility provider is not always ideal, as recent examples in the news have highlighted.

On average, customers in Spanaway CDP have faced 0.91 utility outages per year in recent times. On average, the length of an outage is 136.1 minutes. Major events like heavy rain and flooding, construction accidents, or aging infrastructure can cause these durations to rise considerably.

A solar panel system, with or without a backup battery, could mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Pierce County.

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Customers Out:

0

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

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is reduced as the system size grows. Most consumers find it useful to install a solar system that can produce enough electricity to offset the entirety of their electric bill. This approach makes the most sense for optimal savings.

Make & Model - Similar to many other products, there are different makes and models of solar panels and mounting equipment to choose from. Given the certain brand preferences an installer might have, picking a highly rated company is crucial. The choice of better materials can substantially better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have emerged as the standard in the industry, and deservedly so. Although the cost is more, they yield more energy. Many installers use these panels.

Your Property - Each home and property is unique in its own way. Rough terrain, trees, or additional obstacles may complicate the installation. These days, solar installers frequently utilize satellite images to evaluate your home and include these elements into the preliminary cost estimate.

Labor Rates - Companies pay varying pay rates to their employees, which are then passed on to the prices consumers pay. Businesses typically garner higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - Your final installation cost will be influenced by local permitting and utility interconnection fees, which vary by area. Reputable local installers will integrate these numbers into your preliminary quotes to prevent any surprises.

See what solar panels cost in other WA cities

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Who are the best solar installers in Spanaway 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

  • 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.

Solgen Power

Pasco, WA(855) 220-0778

Services

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

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

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

  • 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.

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.

Spanaway CDP, WA Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Spanaway CDP, WA as of October, 2024 is $3.24/W. With the federal tax credit, the cost of a 5 kW solar panel system in Spanaway CDP, WA drops to roughly $11,340.
  • Homeowners in Washington can take advantage of 14 different rebates and incentives from a variety of utility companies and government agencies. In addition, the 30% federal income tax credit is available to almost everyone.
  • Even though cash payments provide the greatest savings, numerous financing options for solar panels today are also advantageous. Information about financing options is typically provided in initial quotes provided by installers.
  • Yes, on average, the return on investment for 5 kW solar panel systems in Spanaway CDP, WA is achieved in 10 years, with electricity savings amounting to $11,992.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01