Solar Panel Cost Guide in Boscobel, WI (2023 Update)
- Boscobel Solar Installation Cost: $13,177
- 25-Year Savings: $20,427
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Boscobel
Let's have a look at the average cost of solar panels in Boscobel.
In Boscobel, solar panels cost about 2.6 per watt on average. Using this figure, a typical 7.2-kW system would cost about $13,177 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. Despite the high initial cost, the average Boscobel homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Boscobel
| Year | Return on Investment |
|---|---|
| 1 years | $-11,833 |
| 3 years | $-9,144 |
| 5 years | $-6,456 |
| 7 years | $-3,768 |
| 9 years | $-1,079 |
| 11 years | $1,609 |
| 13 years | $4,297 |
| 15 years | $6,985 |
| 17 years | $9,674 |
| 19 years | $12,362 |
| 21 years | $15,050 |
| 23 years | $17,739 |
| 25 years | $20,427 |
Top Solar Installers in Boscobel
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your switch to solar power much easier. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Boscobel
Factors that Affect Solar Panel Costs in Boscobel
The cost of installing a solar system in Boscobel can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Boscobel homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Boscobel is the company you choose to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Boscobel are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $16,477 | 10.2 years |
| 8 kW | $2.65 | $14,851 | $22,261 | 10.0 years |
| 10 kW | $2.60 | $18,200 | $28,190 | 9.8 years |
| 12 kW | $2.55 | $21,403 | $34,265 | 9.6 years |
| 14 kW | $2.50 | $24,461 | $40,485 | 9.4 years |
| 16 kW | $2.44 | $27,373 | $46,852 | 9.2 years |
| 18 kW | $2.39 | $30,139 | $53,363 | 9.0 years |
| 20 kW | $2.34 | $32,760 | $60,020 | 8.8 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 good reviews from past customers.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: Before you sign a contract with a solar installer, make sure to 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 component breaks or malfunctions and if there are any guarantees about energy production.
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 Boscobel, WI Solar Cost FAQs
What is the average cost of installing solar panels in Boscobel?
This is a tough question to answer precisely, because the cost depends on a few different 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Boscobel?
Solar panels aren't free in Boscobel, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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.