Solar Panel Cost Guide in Bloomfield, WI (Jan 2023)
- Bloomfield Solar Installation Cost: $13,122
- 25-Year Savings: $25,601
- Payback Period: 8.5 Years
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Top Solar Installers in Bloomfield
Although it's possible to install solar panels yourself, it takes extra labor and knowledge. Because of that, most homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you're searching for a solar installer in Bloomfield, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Bloomfield
Factors that Affect Solar Panel Costs in Bloomfield
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Bloomfield: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Bloomfield, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Bloomfield homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your overall costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Bloomfield, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Bloomfield know more about local solar incentives and can help you take advantage of 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||$2.70||$11,357||$20,887||8.8 years|
|8 kW||$2.65||$14,851||$28,141||8.6 years|
|10 kW||$2.60||$18,200||$35,540||8.5 years|
|12 kW||$2.55||$21,403||$43,084||8.3 years|
|14 kW||$2.50||$24,461||$50,775||8.1 years|
|16 kW||$2.44||$27,373||$58,611||8.0 years|
|18 kW||$2.39||$30,139||$66,592||7.8 years|
|20 kW||$2.34||$32,760||$74,719||7.6 years|
How to Save on Solar Panels
There are a large number of companies to choose from in Bloomfield, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which company you should go with, since different companies have different panels.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
EcoWatch's Bloomfield, WI Solar Cost FAQs
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.