Solar Panel Cost Guide in Germantown, WI (Feb 2023)
- Germantown Solar Installation Cost: $13,068
- 25-Year Savings: $27,705
- Payback Period: 8.0 Years
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Top Solar Installers in Germantown
Although you can install solar panels yourself, it requires extra time and expertise. Because of that, the majority of homeowners choose to hire a solar panel installer. Some solar installers, particularly local ones, can help you better understand incentives in Germantown, thereby optimizing your ROI.
If you'd like to switch to solar energy but still aren't sure which solar installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Germantown
Factors that Affect Solar Panel Costs in Germantown
There are several criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Germantown, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Germantown to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Germantown is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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||$2.70||$11,357||$22,731||8.3 years|
|8 kW||$2.65||$14,851||$30,599||8.2 years|
|10 kW||$2.60||$18,200||$38,613||8.0 years|
|12 kW||$2.55||$21,403||$46,772||7.8 years|
|14 kW||$2.50||$24,461||$55,077||7.7 years|
|16 kW||$2.44||$27,373||$63,528||7.5 years|
|18 kW||$2.39||$30,139||$72,124||7.4 years|
|20 kW||$2.34||$32,760||$80,866||7.2 years|
How to Save on Solar Panels
The solar panel company you go with will influence not only your overall costs, but also the kinds 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 brand of solar panel you need to install plays a role in which installer you should go with, since different companies have access to different panels.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
EcoWatch's Germantown, WI Solar Cost FAQs
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.