Solar Panel Cost Guide in Green Bay, WI (2024 Update)
- Green Bay Solar Installation Cost: $18,890
- 25-Year Savings: $23,287
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Green Bay
Let’s have a look at the average cost of solar in Green Bay.
The national average cost of solar panels is $2.66 per watt, but in Green Bay it’s 4 per watt.To cover the typical energy needs of the average home in Green Bay, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $18,890, or $27,013 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Green Bay can save around $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Green Bay that can help you get a more accurate cost estimate for your home.
Solar savings over time in Green Bay
| Year | Return on Investment |
|---|---|
| 1 years | $-17,740 |
| 3 years | $-15,440 |
| 5 years | $-13,141 |
| 7 years | $-10,841 |
| 9 years | $-8,542 |
| 11 years | $-6,242 |
| 13 years | $-3,943 |
| 15 years | $-1,643 |
| 17 years | $657 |
| 19 years | $2,956 |
| 21 years | $5,256 |
| 23 years | $7,555 |
| 25 years | $9,855 |
Top Solar Installers in Green Bay
Installing solar panels on your own can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Green Bay
Factors that Affect Solar Panel Costs in Green Bay
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Green Bay: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,880. The model of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than 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
Most solar companies in Green Bay offer solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Green Bay is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also is within your budget.
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 | $14,061 | 13.7 years |
| 8 kW | $3.96 | $22,163 | $19,183 | 13.4 years |
| 10 kW | $3.88 | $27,160 | $24,522 | 13.1 years |
| 12 kW | $3.80 | $31,940 | $30,078 | 12.9 years |
| 14 kW | $3.72 | $36,503 | $35,852 | 12.6 years |
| 16 kW | $3.65 | $40,849 | $41,843 | 12.3 years |
| 18 kW | $3.57 | $44,977 | $48,051 | 12.1 years |
| 20 kW | $3.49 | $48,888 | $54,476 | 11.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you’re worried about the durability of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Green Bay, WI Solar Cost FAQs
How much does it cost to install solar panels in Green Bay?
The average cost of solar panels in Green Bay 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Green Bay is currently $236,484, which means you can expect a value of about $9,696 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Green Bay is a fruitful investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.