Solar Panel Cost Guide in East Troy, WI (2023 Update)
- East Troy Solar Installation Cost: $13,122
- 25-Year Savings: $27,651
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Troy
Find out what the average cost of solar panels are in East Troy.
In East Troy, solar panels cost about 2.6 per watt on average. To cover the typical energy usage of the average home in East Troy, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $13,122, or $18,764 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 energy system could cost. The actual cost of making the switch to solar can vary based on several 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 power is worth paying. On average you could be looking at about $22,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in East Troy that can help you get a more accurate cost estimate for your home.
Solar savings over time in East Troy
| Year | Return on Investment |
|---|---|
| 1 years | $-11,491 |
| 3 years | $-8,229 |
| 5 years | $-4,968 |
| 7 years | $-1,706 |
| 9 years | $1,556 |
| 11 years | $4,818 |
| 13 years | $8,080 |
| 15 years | $11,342 |
| 17 years | $14,603 |
| 19 years | $17,865 |
| 21 years | $21,127 |
| 23 years | $24,389 |
| 25 years | $27,651 |
Top Solar Installers in East Troy
Putting up solar panels by yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in East Troy:
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 East Troy
Factors that Affect Solar Panel Costs in East Troy
Even though the average cost of a solar system in East Troy is $13,122, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar 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 pay around $2,600 per kilowatt in East Troy. There are several different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in East Troy to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in East Troy is the company you choose to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different price points. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $22,594 | 8.4 years |
| 8 kW | $2.65 | $14,851 | $30,417 | 8.2 years |
| 10 kW | $2.60 | $18,200 | $38,385 | 8.0 years |
| 12 kW | $2.55 | $21,403 | $46,499 | 7.9 years |
| 14 kW | $2.50 | $24,461 | $54,758 | 7.7 years |
| 16 kW | $2.44 | $27,373 | $63,163 | 7.6 years |
| 18 kW | $2.39 | $30,139 | $71,713 | 7.4 years |
| 20 kW | $2.34 | $32,760 | $80,410 | 7.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- 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 solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
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 East Troy, WI Solar Cost FAQs
How much does it cost to install solar panels in East Troy?
This is a tough question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in East Troy?
Solar panels aren't free in East Troy, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout East Troy, 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 contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in East Troy?
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.