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How much do solar panels cost in Coeur d'Alene, ID?

  • Cost: About $10,584 for a 4 kW system to $21,168 for a 8 kW system after tax credit.
  • Savings: 11 year payback; about $10,808 saved over 20 years.
  • Environmental benefits: Potential to reduce your carbon emissions significantly.

Installing a 5 kW solar panel system on your Coeur d'Alene home can cost about $13,230 after tax incentives. Solar panel systems are measured by kW production, and the average system costs about $3,780 per kW of installed capacity. Looked at another way, you'll pay about $3.78 per watt for installation.

That said, our data shows an an 8 kW system is the best size for Coeur d'Alene residents. This is because people in Coeur d'Alene consume 972 kWh per month of energy. The average electric bill is $100.16 per month with an average price of 10.30¢ per kWh. Considering this average, the right solar panel system has the potential to save you money in Coeur d'Alene.

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Are solar panels worth it in Coeur d'Alene?

Let's take a closer look at whether solar panels are worth it. To figure this out, you'll want to compare your estimated savings after solar to what you'd pay in energy without solar panels.

The payback period is the amount of time until you break even on your investment considering savings from energy bills. And the net 20-year savings is what you save over 20 years minus the upfront costs. Considering energy prices tend to rise over time, it's usually worth it to get solar panels if you can get a good installation price.

5 kWh System Coeur d'Alene Average U.S. Average
Upfront Cost $13,230 $12,530
Payback period 11 Years 7 Years
Net 20-year savings $10,808 $22,173
*These are estimates. Getting personalized quotes from local installers is crucial for accurate pricing.

What's the best solar system size in Coeur d'Alene, Idaho?

To find out the right size of the solar system for your home, consider your energy usage, local sun hours, and available roof space. Here's what the average solar potential looks like in Coeur d'Alene:

  • Roof size: 787 sq. ft.
  • System capacity: Up to 15,344 kW DC
  • Electricity production: About 1,533 kWh AC per year

The goal with solar panels is to find the sweet spot where you generate the electricity you need and can save enough energy costs to recoup your investment in a reasonable time.

Below you can see power generation, cost, and savings of different system sizes.

4 kW System 5 kW System 6 kW System 7 kW System 8 kW System
Roof Space 286 ft² 358 ft² 429 ft² 501 ft² 572 ft²
Annual power value $631 $789 $947 $1,105 $1,202
Average cost $10,584 $13,230 $15,876 $18,522 $21,168
Average yearly production 6,130 kWh 7,663 kWh 9,196 kWh 10,728 kWh 12,261 kWh
Average monthly savings* $52.62 $65.77 $78.93 $92.08 $100.16
Full payback period 9 years 11 years 13 years 15 years 18 years
CO₂ reduction per year 1.09 tons 1.36 tons 1.63 tons 1.90 tons 2.07 tons
*Savings assume a $100.16 monthly electricity bill

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How to pay for solar panels in Coeur d'Alene, Idaho

Purchasing solar panels is no small task. Here are a few ways you can pay for solar:

  • Cash purchase: This is the best choice if you can afford it. Paying in cash gives you the best long-term savings but requires a larger upfront investment, of course.
  • Solar loans: You can spread the cost over time with a loan, but be mindful of interest rates and loan terms.
  • Solar leases and PPAs: Power purchase agreements (PPA) and leases have lower upfront costs. However, you don't own the system, which means you save the least over time. There can also be complications if you want to sell your home.

What affects the cost of solar panels in Coeur d'Alene?

Several factors impact the final price of your solar installation:

  • System size: Larger systems cost more upfront but often yield greater long-term savings.
  • Panel type and efficiency: Monocrystalline panels are generally more efficient and expensive than polycrystalline or thin-film options.
  • Installation complexity: Roof type, shading, and site-specific challenges can increase installation costs. Permitting and inspection fees also factor in.
  • Additional considerations: Battery storage adds to the initial investment but provides backup power and greater energy independence. Labor and installation quality are also essential cost considerations.

How to save on Coeur d'Alene, ID solar panel costs

Getting the most bang for your buck is essential when investing in solar. Here are some strategies to save money:

  • Maximize the federal tax credit: Understand the eligibility requirements and claim the full 30% credit.
  • Shop around for quotes: Get quotes from multiple installers to compare pricing and services. Don't just focus on the lowest price; consider reputation, experience, and warranty.
  • Consider system size: Be careful of going overboard. A properly sized system will meet your energy needs without unnecessary costs. Analyze your energy usage to determine the optimal size.
  • Explore financing options: Compare loan interest rates and terms carefully. If considering a lease or PPA, understand the long-term implications and potential trade-offs. Cash purchases often offer the best long-term savings.
  • Negotiate with installers: Don't be afraid to negotiate on price. Inquire about any discounts or promotions they may offer.
  • Optimize your home's energy efficiency: Before going solar, improve your home's energy efficiency. This will reduce your overall energy consumption and potentially allow you to install a smaller, less expensive solar system. Simple steps like sealing air leaks and upgrading appliances can make a difference.
  • DIY (if possible and permitted): While professional installation is generally recommended, some homeowners may be able to handle certain tasks themselves (like site preparation). Check your local regulations and be honest about your abilities.
  • Ask about rebates and incentives: Many states, cities, and utility companies offer rebates, net metering, and other incentives. Check with your local utility and city/county for any available programs.
  • Time your installation: Sometimes, installers offer discounts during slower periods. Inquiring about seasonal promotions might yield savings.

Idaho-specific solar considerations

  • Weather Impacts: In Idaho, you can expect plenty of sunshine—especially in the southern regions. However, if you're up north, colder winters and some snow might slow things down a bit. It's all about choosing a system that can handle those seasonal shifts.
  • Regulatory and Legal Considerations: The permitting process here is usually pretty straightforward, but it's always a good idea to check with your local authorities for any regional twists. You might also discover local incentives that make going solar even more appealing.

Get a custom solar quote in Coeur d'Alene

Solar panels are worth it for many homeowners considering energy costs tend to rise over time. Compare your ongoing energy costs to the cost of a solar panel system to see if it's worth it for your Coeur d'Alene home. We recommend getting a few quotes from different solar installers to find the best option.

Go Solar for less than your cell phone bill.

Solar panel pricing in cities near Coeur d'Alene, Idaho

Compare solar panel prices wih neighboring cities.

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Who are the best solar installers in Coeur d'Alene, Idaho?

FAQs about Coeur d'Alene, ID solar panels

How much do solar panels cost in Coeur d'Alene, Idaho?

Our data shows solar panels can range from $10,584 for a 4 kW system to $21,168 for an 8 kW system after tax credits. Total costs depend on the panel brand, type of inverter, installation company, and more.

How do I pay for solar panels?

The best ways to pay for solar panels include using cash or finding a loan with a good interest rate. We recommend avoiding power purchase agreements or solar panel lease programs since these reduce your savings significantly.

How much can I save with solar panels in Coeur d'Alene?

How much you save depends on your current energy costs, usage, and the size of the system you need. Our data shows the average 5 kW system in Coeur d'Alene saves owners $10,808 over a 20-year period.

Do solar panels work during a power outage?

Grid-tied solar panels typically shut off during a power outage to protect utility workers. If you want security for outages in Coeur d'Alene, you can get a battery storage system to have a backup power supply.