Solar Panel Cost Guide in Edgerton, WI (2024 Update)
- Edgerton Solar Installation Cost: $19,715
- 25-Year Savings: $21,104
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Edgerton
See how much it might cost to make the switch to solar in Edgerton.
The national average cost of solar panels is $2.66 per watt, but in Edgerton it’s 4 per watt.The average Edgerton homeowner needs a 7.3-kilowatt system, which would cost about $19,715 with the federal tax credit, or $28,192 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you want, your solar contractor and more.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Edgerton see about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Edgerton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Edgerton
| Year | Return on Investment |
|---|---|
| 1 years | $-18,608 |
| 3 years | $-16,393 |
| 5 years | $-14,179 |
| 7 years | $-11,964 |
| 9 years | $-9,749 |
| 11 years | $-7,535 |
| 13 years | $-5,320 |
| 15 years | $-3,106 |
| 17 years | $-891 |
| 19 years | $1,324 |
| 21 years | $3,538 |
| 23 years | $5,753 |
| 25 years | $7,968 |
Top Solar Installers in Edgerton
Although it's possible to install solar panels yourself, it requires extra energy and know-how. That's one of the reasons most homeowners choose to go with a solar panel installer. Another benefit of using a solar company is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 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 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 depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,880. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Edgerton, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate 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
Lastly, the company you choose to install your solar panel system can affect how much you pay. Edgerton’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Edgerton are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,416 | 14.9 years |
| 8 kW | $3.96 | $22,163 | $15,656 | 14.7 years |
| 10 kW | $3.88 | $27,160 | $20,113 | 14.4 years |
| 12 kW | $3.80 | $31,940 | $24,787 | 14.1 years |
| 14 kW | $3.72 | $36,503 | $29,679 | 13.8 years |
| 16 kW | $3.65 | $40,849 | $34,788 | 13.5 years |
| 18 kW | $3.57 | $44,977 | $40,114 | 13.2 years |
| 20 kW | $3.49 | $48,888 | $45,658 | 12.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 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 Edgerton, WI Solar Cost FAQs
What is the average cost of installing solar panels in Edgerton?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Edgerton, that will require at least a 10-kW system. Not all homes can accommodate 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 Edgerton?
On average, the lifespan of solar panels is 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.