Solar Panels in
Banks, OR

Updated 6/8/2019

How much do solar panels cost in Banks, OR in 2020?

As of September 2020, the average solar panel cost in Banks, OR is $2.55/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Banks, OR ranges in cost from $10,838 to $14,662, with the average gross price for solar in Banks, OR coming in at $12,750. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in Banks, OR

System Size System Cost System Cost (after ITC)
3 kW $7,650 $5,661
4 kW $10,200 $7,548
5 kW $12,750 $9,435
6 kW $15,300 $11,322
7 kW $17,850 $13,209
8 kW $20,400 $15,096
9 kW $22,950 $16,983
10 kW $25,500 $18,870

2020 average solar panel cost graph in Banks, OR

for a 5kW system

Great Price
$10,838 or less
Market Average
$12,750
Above Market
$14,662 or more
Note: Showing cost data for Washington County, OR.

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local OR incentives, tax credits & rebates.

Payback Period

10.68 Years

20-Year Savings

$16,993

Cost per Watt

$2.55

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Top solar installers in Banks, OR

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True Cost of Solar Guide™ for Oregon

Download EnergySage’s DIY worksheet to better understand what solar should cost in your state

Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.