Solar Panel Cost Guide in Baldwin, WI (2024 Update)
- Baldwin Solar Installation Cost: $19,998
- 25-Year Savings: $22,786
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Baldwin
We break down average solar pricing in Baldwin.
The national average cost of solar panels is $2.66 per watt, but in Baldwin it’s 4 per watt.To cover the typical energy usage of the average home in Baldwin, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,998, or $28,597 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will look different based on your energy needs and what company you choose to go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $19,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar installer in Baldwin that can help you get a more accurate cost estimate for your home.
Solar savings over time in Baldwin
| Year | Return on Investment |
|---|---|
| 1 years | $-18,894 |
| 3 years | $-16,685 |
| 5 years | $-14,477 |
| 7 years | $-12,268 |
| 9 years | $-10,060 |
| 11 years | $-7,851 |
| 13 years | $-5,643 |
| 15 years | $-3,434 |
| 17 years | $-1,226 |
| 19 years | $983 |
| 21 years | $3,191 |
| 23 years | $5,400 |
| 25 years | $7,608 |
Top Solar Installers in Baldwin
When going solar, many homeowners decide to hire a solar company since installing a solar system yourself can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Baldwin
Factors that Affect Solar Panel Costs in Baldwin
Though the average cost of a solar system in Baldwin is $19,998, your final cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,880 per kilowatt in Baldwin.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Baldwin, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Baldwin offer solar loans, which reduce the initial cost of installing solar.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Baldwin, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Baldwin have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.04 | $16,948 | $12,540 | 14.4 years |
| 8 kW | $3.96 | $22,163 | $17,155 | 14.1 years |
| 10 kW | $3.88 | $27,160 | $21,987 | 13.8 years |
| 12 kW | $3.80 | $31,940 | $27,036 | 13.5 years |
| 14 kW | $3.72 | $36,503 | $32,302 | 13.3 years |
| 16 kW | $3.65 | $40,849 | $37,786 | 13.0 years |
| 18 kW | $3.57 | $44,977 | $43,487 | 12.7 years |
| 20 kW | $3.49 | $48,888 | $49,405 | 12.4 years |
How to Save on Solar Panels
There are a large number of companies available in Baldwin, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Baldwin, WI Solar Cost FAQs
How much does it cost to install solar panels in Baldwin?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $982.93 per year.
How long do solar panels last in Baldwin?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.