Solar Panel Cost Guide in East Troy, WI (2024 Update)
- East Troy Solar Installation Cost: $19,570
- 25-Year Savings: $27,659
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in East Troy
Let’s have a look at the average cost of solar panels in East Troy.
In East Troy, solar panels cost about 4 per watt on average.The average East Troy homeowner needs a 7.2-kilowatt system, which would cost about $19,570 with the federal tax credit, or $27,985 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar panels you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $22,000 over 20 years on power bills.
To receive a free quote from a vetted solar installation company in East Troy, you can click the button below.
Solar savings over time in East Troy
| Year | Return on Investment |
|---|---|
| 1 years | $-18,275 |
| 3 years | $-15,684 |
| 5 years | $-13,093 |
| 7 years | $-10,502 |
| 9 years | $-7,911 |
| 11 years | $-5,320 |
| 13 years | $-2,729 |
| 15 years | $-138 |
| 17 years | $2,453 |
| 19 years | $5,044 |
| 21 years | $7,635 |
| 23 years | $10,226 |
| 25 years | $12,817 |
Top Solar Installers in East Troy
Many homeowners opt for a solar panel installer since installing solar panels on your own can be challenging. Plus, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
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 East Troy
Factors that Affect Solar Panel Costs in East Troy
For many East Troy homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in East Troy, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The model of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in East Troy to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.When estimating 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 company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in East Troy, and each can charge different amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $4.04 | $16,948 | $17,003 | 12.5 years |
| 8 kW | $3.96 | $22,163 | $23,105 | 12.2 years |
| 10 kW | $3.88 | $27,160 | $29,425 | 12.0 years |
| 12 kW | $3.80 | $31,940 | $35,962 | 11.8 years |
| 14 kW | $3.72 | $36,503 | $42,716 | 11.5 years |
| 16 kW | $3.65 | $40,849 | $49,687 | 11.3 years |
| 18 kW | $3.57 | $44,977 | $56,876 | 11.0 years |
| 20 kW | $3.49 | $48,888 | $64,282 | 10.8 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 choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you want to install plays a role in which installer you should go with, since different companies have access to different panels.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- 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’re not certain 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
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 East Troy, WI Solar Cost FAQs
How much does it cost to install solar panels in East Troy?
The average cost of solar panels in East Troy is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in East Troy?
Solar panels aren’t free in East Troy, 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 can further reduce the cost.
Is it worth going solar in East Troy?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in East Troy?
Even though 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 the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.