Solar Panel Cost Guide in Bloomfield, WI (2024 Update)
- Bloomfield Solar Installation Cost: $19,570
- 25-Year Savings: $25,609
- Payback Period: 12.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Bloomfield
Find out what the average cost of installing solar panels is in Bloomfield.
The national average cost of solar panels is $2.66 per watt, but in Bloomfield it’s 4 per watt.The average Bloomfield homeowner needs a 7.2-kilowatt system, which would cost about $19,570 with the federal tax credit, or $27,985 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with.Many homeowners find installing a solar system is a sound investment. The average homeowner in Bloomfield can save about $20,000 on their electricity bills over 20 years.
To receive a free quote from a vetted solar installation company in Bloomfield, you can click the button below.
Solar savings over time in Bloomfield
| Year | Return on Investment |
|---|---|
| 1 years | $-18,338 |
| 3 years | $-15,872 |
| 5 years | $-13,407 |
| 7 years | $-10,941 |
| 9 years | $-8,476 |
| 11 years | $-6,010 |
| 13 years | $-3,545 |
| 15 years | $-1,079 |
| 17 years | $1,387 |
| 19 years | $3,852 |
| 21 years | $6,318 |
| 23 years | $8,783 |
| 25 years | $11,249 |
Top Solar Installers in Bloomfield
Putting up solar panels on your own can be a difficult project, which is why getting a solar installer is a good option for many homeowners. The expertise that solar companies provide can be useful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Bloomfield:
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 Bloomfield
Factors that Affect Solar Panel Costs in Bloomfield
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important 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 uses, the larger your system will likely need to be. You can expect to spend around $3,880 per kilowatt in Bloomfield.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Bloomfield average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Bloomfield, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect your pricing. Bloomfield’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Bloomfield have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $15,296 | 13.1 years |
| 8 kW | $3.96 | $22,163 | $20,829 | 12.9 years |
| 10 kW | $3.88 | $27,160 | $26,580 | 12.6 years |
| 12 kW | $3.80 | $31,940 | $32,547 | 12.4 years |
| 14 kW | $3.72 | $36,503 | $38,733 | 12.1 years |
| 16 kW | $3.65 | $40,849 | $45,135 | 11.9 years |
| 18 kW | $3.57 | $44,977 | $51,754 | 11.6 years |
| 20 kW | $3.49 | $48,888 | $58,591 | 11.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
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 Bloomfield, WI Solar Cost FAQs
What is the average cost of installing solar panels in Bloomfield?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Bloomfield?
You can’t get solar panels for free in Bloomfield. 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.
How much can I save on electricity bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Bloomfield, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Bloomfield?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.