Calculate how much you will save with solar panels in Oregon

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Smart Solar Energy Overview

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Projected lifetime savings over time, based on purchase type

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Avg. lifetime savings over 25 years (10 kW)

$62,059

Avg. payback period

7.5 years

Avg. cost without tax credit (5-10 kW)

$14k-$27k

Avg. cost with tax credit (5-10 kW)

$10k-$20k

Avg. cost (in OR)

$2.73/watt

Avg. annual power production (10 kW)

18,280 kWh

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How much do solar panels cost?

Home Solar System Size
U.S. Solar Panel Cost
Cost After Federal Tax Credit*
6 kW
$15,960
$11,810
7 kW
$18,620
$13,779
8 kW
$21,280
$15,747
9 kW
$23,940
$17,716
10 kW
$26,600
$19,684
11 kW
$29,260
$21,652
12 kW
$31,920
$23,621

Cash purchased

Before 26% solar tax credit

$2.73 per watt

Financed

Before 26% solar tax credit

$3.05 per watt

Leased

Estimate for average lease cost

$50-$250/month

Pros and cons of installing solar panels

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Electricity produced by solar panels

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Solar panel efficiency can convert over 20% of the sunlight’s energy into electricity, especially if your roof is obstructed by little shade and faces south or west.

Solar rebates, incentives, and tax credits

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Year Placed In Service
Federal Solar Tax Credit
2021
26%
2022
26%
2023
22%
2024
10% (for commercial installations only)

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