Cost of solar in Olympia, WA

Electricity Consumption in Olympia

Electricity Consumption by Washington residents averages 960 kWh per month. It ranks #35 in the nation for savings from installing solar panels on the home.

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Solar power in Olympia, Washington

Puget Sound Energy (PSE) offers its Olympia customers a net metering program. PSE will pay its solar customers for any excess electricity their solar systems generate at the full retail rate of electricity. Getting the full retail rate for extra electricity your system generates provides terrific savings on your electric bill. 

Olympia residents can also take advantage of the federal solar tax credit. The tax credit is equal to 30% of the costs of installing a solar system and is then applied to your federal income taxes. In some cases, you may be able to wipe out your entire tax bill for a year! The combination of the federal tax credit and the PSE’s net metering program can provide you with a great return on investment when installing a solar system in Washington!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator for Olympia to find out:

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Solar power in Washington

The average cost of installing residential solar panels in Olympia, Washington in 2020 is $2.58 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Olympia, WA is $12,900. (before claiming 26% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 14.78kW solar system in Olympia, WA

This system would offset 100% of your energy usage if your typical monthly bill is $99, however your situation may vary so try our Olympia solar calculator to get a result tailored to you.

$26,249

Net cost of system
Cash - after 26% solar tax credit

15 Years 8 Months

Average payback time

14,142
kWh

Annual power production


/kWh

levilized cost of solar energy

15¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 14.78kW system

Life-time savings on this system over the next 25 years

$14,801

(Prices shown after repayments of capital)

 


 

Solar companies in Olympia, WA that provide pricing through the Solar-Estimate marketplace

11

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Washington

System Size Cash purchase
After 26% solar tax credit
Financed purchase
After 26% solar tax credit
3kw $6,016 $6,497
4kw $7,903 $8,535
5kw $9,694 $10,470
6kw $11,455 $12,372
7kw $13,105 $14,154
8kw $14,741 $15,920
9kw $16,250 $17,550
10kw $17,760 $19,181

 

Going solar in Washington

Check out all of the ways energy providers of Washington can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Renewable Energy Sales and Use Tax Exemption State Sales Tax Incentive
Net Metering State Net Metering

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.