Solar Panel Cost Guide in Chase, WI (2023 Update)
- Chase Solar Installation Cost: $13,088
- 25-Year Savings: $24,727
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Chase
We break down average solar pricing in Chase.
The national average cost of solar panels is $2.66 per watt, but in Chase it's 2.6 per watt. To cover the typical energy usage of the average home in Chase, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,086, or $18,713 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Chase see about $20,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Chase that can help you get a more accurate cost estimate for your home.
Solar savings over time in Chase
| Year | Return on Investment |
|---|---|
| 1 years | $-11,871 |
| 3 years | $-9,437 |
| 5 years | $-7,003 |
| 7 years | $-4,569 |
| 9 years | $-2,135 |
| 11 years | $299 |
| 13 years | $2,733 |
| 15 years | $5,167 |
| 17 years | $7,601 |
| 19 years | $10,036 |
| 21 years | $12,470 |
| 23 years | $14,904 |
| 25 years | $17,338 |
Top Solar Installers in Chase
Although it's possible to install solar panels by yourself, it takes extra labor and handiness. That's one of the reasons most people choose to hire a solar panel installer. Also, if you'd like to maximize your investment in solar energy, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
There are several licensed solar professionals that can take care of your solar installation project. 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 Chase
Factors that Affect Solar Panel Costs in Chase
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Chase: 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 key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,600. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Chase, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Chase to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar energy. 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 promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $20,194 | 9.0 years |
| 8 kW | $2.65 | $14,851 | $27,216 | 8.8 years |
| 10 kW | $2.60 | $18,200 | $34,385 | 8.7 years |
| 12 kW | $2.55 | $21,403 | $41,698 | 8.5 years |
| 14 kW | $2.50 | $24,461 | $49,158 | 8.3 years |
| 16 kW | $2.44 | $27,373 | $56,763 | 8.1 years |
| 18 kW | $2.39 | $30,139 | $64,513 | 8.0 years |
| 20 kW | $2.34 | $32,760 | $72,409 | 7.8 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the types 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:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Review the contract terms carefully to make sure you understand the total cost, completion timeline rebates and warranties.
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 Chase, WI Solar Cost FAQs
What is the average cost of installing solar panels in Chase?
This is a difficult 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Chase?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Chase, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Chase?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having 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.