Solar Panel Cost Guide in Beloit, KS (2024 Update)
- Beloit Solar Installation Cost: $17,546
- 25-Year Savings: $31,198
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in Beloit
We break down average solar pricing in Beloit.
Although the national average of solar panels is $2.66 per watt, solar panels in Beloit typically cost about 3.Because a 7.5-kW system is needed to cover the energy needs of a typical home in Beloit, the average price of going solar will be about $17,546 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Beloit homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $23,000 on power bills over 20 years, many homeowners in Beloit find investing in solar can be quite rewarding.
Click the button below to get connected to a reputable solar company in your area for a custom estimate.
Solar savings over time in Beloit
| Year | Return on Investment |
|---|---|
| 1 years | $-16,210 |
| 3 years | $-13,538 |
| 5 years | $-10,867 |
| 7 years | $-8,195 |
| 9 years | $-5,523 |
| 11 years | $-2,852 |
| 13 years | $-180 |
| 15 years | $2,491 |
| 17 years | $5,163 |
| 19 years | $7,835 |
| 21 years | $10,506 |
| 23 years | $13,178 |
| 25 years | $15,850 |
Top Solar Installers in Beloit
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make your swap to solar power much easier. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by offering warranties and repairs.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Beloit
Factors that Affect Solar Panel Costs in Beloit
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Beloit: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Beloit, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.While solar loans make adopting solar energy more accessible for Beloit homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Beloit, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.47 | $14,589 | $21,232 | 10.2 years |
| 8 kW | $3.41 | $19,078 | $28,683 | 10.0 years |
| 10 kW | $3.34 | $23,380 | $36,322 | 9.8 years |
| 12 kW | $3.27 | $27,495 | $44,147 | 9.6 years |
| 14 kW | $3.21 | $31,423 | $52,160 | 9.4 years |
| 16 kW | $3.14 | $35,164 | $60,359 | 9.2 years |
| 18 kW | $3.07 | $38,717 | $68,746 | 9.0 years |
| 20 kW | $3.01 | $42,084 | $77,319 | 8.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Beloit, KS Solar Cost FAQs
What is the average cost of installing solar panels in Beloit?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,700 for a 5-kW system and $33,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Beloit?
You can’t get solar panels for free in Beloit. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Beloit is currently $128,960, which means you can expect a value of about $5,287 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Beloit is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.