Solar Panel Cost Guide in Bloomfield, WI (2023 Update)
- Bloomfield Solar Installation Cost: $13,114
- 25-Year Savings: $25,609
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bloomfield
Find out what the average cost of installing solar panels is in Bloomfield.
The average cost of a solar panel system in Bloomfield is 2.6 per watt. The average solar panel system size in Bloomfield is around 7.2 kilowatts, meaning a cost of about $13,122 for a solar installation, or $18,764 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may vary based on your specific situation and what company you go with. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Bloomfield can save about $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Bloomfield that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bloomfield
| Year | Return on Investment |
|---|---|
| 1 years | $-12,985 |
| 3 years | $-12,727 |
| 5 years | $-12,469 |
| 7 years | $-12,211 |
| 9 years | $-11,953 |
| 11 years | $-11,694 |
| 13 years | $-11,436 |
| 15 years | $-11,178 |
| 17 years | $-10,920 |
| 19 years | $-10,662 |
| 21 years | $-10,404 |
| 23 years | $-10,145 |
| 25 years | $-9,887 |
Top Solar Installers in Bloomfield
Although you can install solar panels yourself, it involves extra time and knowledge. That's one of the reasons almost all homeowners choose a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be right for you.
If you're looking for a solar company in Bloomfield, the EcoWatch team has organized a list of our top suggestions here:
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 Bloomfield
Factors that Affect Solar Panel Costs in Bloomfield
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Bloomfield: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 $2,600 per kilowatt in Bloomfield. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Bloomfield average.
Solar Financing Terms
Most solar installers in Bloomfield provide 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 put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Bloomfield are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $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 many companies to choose from in Bloomfield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should go with, since different companies provide different panels.
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- 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 satisfied reviews from past customers.
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 Bloomfield, WI Solar Cost FAQs
How much does it cost to install solar panels in Bloomfield?
The average cost of solar panels in Bloomfield is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Bloomfield?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though 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 the amount of energy they produce will have decreased significantly after that point. You can choose to 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.