Solar Panel Cost Guide in Dodgeville, WI (Mar 2023)
- Dodgeville Solar Installation Cost: $13,250
- 25-Year Savings: $23,423
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Dodgeville
We go over average solar pricing in Dodgeville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dodgeville, the average cost of a solar system is 2.6 per watt. The average solar panel system size in Dodgeville is around 7.3 kilowatts, meaning a cost of about $13,250 for a solar installation, or $18,948 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Dodgeville can save about $19,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Dodgeville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,783 |
| 3 years | $-8,849 |
| 5 years | $-5,915 |
| 7 years | $-2,981 |
| 9 years | $-47 |
| 11 years | $2,887 |
| 13 years | $5,820 |
| 15 years | $8,754 |
| 17 years | $11,688 |
| 19 years | $14,622 |
| 21 years | $17,556 |
| 23 years | $20,490 |
| 25 years | $23,423 |
Top Solar Installers in Dodgeville
When making the switch to solar, many homeowners choose to use a solar company since putting up a solar system yourself can be a difficult project. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Dodgeville
Factors that Affect Solar Panel Costs in Dodgeville
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Dodgeville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant 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 power your household uses, the larger your system will likely need to be. You can expect to pay about $2,600 per kilowatt in Dodgeville. The brand of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $18,885 | 9.4 years |
| 8 kW | $2.65 | $14,851 | $25,472 | 9.2 years |
| 10 kW | $2.60 | $18,200 | $32,204 | 9.0 years |
| 12 kW | $2.55 | $21,403 | $39,081 | 8.8 years |
| 14 kW | $2.50 | $24,461 | $46,105 | 8.7 years |
| 16 kW | $2.44 | $27,373 | $53,273 | 8.5 years |
| 18 kW | $2.39 | $30,139 | $60,588 | 8.3 years |
| 20 kW | $2.34 | $32,760 | $68,048 | 8.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Dodgeville, WI Solar Cost FAQs
What is the average cost of installing solar panels in Dodgeville?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Dodgeville?
You can't get solar panels for free in Dodgeville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Dodgeville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.