Solar Panel Cost Guide in Edgerton, WI (2023 Update)
- Edgerton Solar Installation Cost: $13,213
- 25-Year Savings: $21,102
- Payback Period: 9.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Edgerton
We break down average solar pricing in Edgerton.
Although the national average of solar panels is $2.66 per watt, solar panels in Edgerton generally cost about 2.6. The average Edgerton homeowner needs a 7.3-kilowatt system, which would cost about $13,213 with the federal tax credit, or $18,895 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Edgerton homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Despite the high initial cost, the average Edgerton homeowner can save about $18,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Edgerton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,841 |
| 3 years | $-9,095 |
| 5 years | $-6,350 |
| 7 years | $-3,605 |
| 9 years | $-860 |
| 11 years | $1,886 |
| 13 years | $4,631 |
| 15 years | $7,376 |
| 17 years | $10,121 |
| 19 years | $12,867 |
| 21 years | $15,612 |
| 23 years | $18,357 |
| 25 years | $21,102 |
Top Solar Installers in Edgerton
Trying to put up solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, especially if you aren't sure what brand of solar equipment you need.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our suggestions for providers nearby:
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 Edgerton
Factors that Affect Solar Panel Costs in Edgerton
The cost of installing a solar system in Edgerton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest 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 a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need 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 solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Edgerton average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect how much it costs. Edgerton's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $17,007 | 10.0 years |
| 8 kW | $2.65 | $14,851 | $22,967 | 9.8 years |
| 10 kW | $2.60 | $18,200 | $29,073 | 9.6 years |
| 12 kW | $2.55 | $21,403 | $35,324 | 9.4 years |
| 14 kW | $2.50 | $24,461 | $41,721 | 9.2 years |
| 16 kW | $2.44 | $27,373 | $48,264 | 9.0 years |
| 18 kW | $2.39 | $30,139 | $54,952 | 8.9 years |
| 20 kW | $2.34 | $32,760 | $61,786 | 8.7 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: The type of solar panel you need to get plays a part in which installer you should choose, since different companies offer different panels.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
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 Edgerton, WI Solar Cost FAQs
How much does it cost to install solar panels in Edgerton?
This is a tough question to answer exactly, 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Edgerton?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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.