Solar Panel Cost Guide in Bloomer, WI (2023 Update)
- Bloomer Solar Installation Cost: $13,459
- 25-Year Savings: $22,627
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bloomer
Find out how much it might cost to go solar in Bloomer.
Although the national average of solar panels is $2.66 per watt, solar panels in Bloomer typically cost about 2.6. Since a 7.4-kW system is needed to cover the energy consumption of a typical home in Bloomer, the average price of going solar will be about $13,468 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary based on a few factors, such as how many panels you need, your energy consumption and what company you go with. Despite the large upfront cost, the average Bloomer homeowner can save around $19,000 on their power bills over 20 years, which is one of the positives of solar.
To receive a free quote from a vetted solar installer in Bloomer, you can click the button below.
Solar savings over time in Bloomer
| Year | Return on Investment |
|---|---|
| 1 years | $-13,339 |
| 3 years | $-13,098 |
| 5 years | $-12,858 |
| 7 years | $-12,617 |
| 9 years | $-12,377 |
| 11 years | $-12,136 |
| 13 years | $-11,895 |
| 15 years | $-11,655 |
| 17 years | $-11,414 |
| 19 years | $-11,174 |
| 21 years | $-10,933 |
| 23 years | $-10,693 |
| 25 years | $-10,452 |
Top Solar Installers in Bloomer
Although you can install solar panels on your own, it involves extra energy and expertise. Because of that, almost all homeowners choose to hire a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for you.
If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our recommendations for providers in Bloomer:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Bloomer
Factors that Affect Solar Panel Costs in Bloomer
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Bloomer: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,600. There are many different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.70 | $11,357 | $17,921 | 9.7 years |
| 8 kW | $2.65 | $14,851 | $24,186 | 9.5 years |
| 10 kW | $2.60 | $18,200 | $30,597 | 9.3 years |
| 12 kW | $2.55 | $21,403 | $37,153 | 9.1 years |
| 14 kW | $2.50 | $24,461 | $43,855 | 9.0 years |
| 16 kW | $2.44 | $27,373 | $50,702 | 8.8 years |
| 18 kW | $2.39 | $30,139 | $57,695 | 8.6 years |
| 20 kW | $2.34 | $32,760 | $64,833 | 8.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Bloomer, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Bloomer, WI Solar Cost FAQs
What is the average cost of installing solar panels in Bloomer?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Bloomer?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Bloomer have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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 get between 20 and 35 panels to account for 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.