Solar Panel Cost Guide in Hales Corners, WI (2024 Update)
- Hales Corners Solar Installation Cost: $18,650
- 25-Year Savings: $28,276
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Hales Corners
Find out what the average cost of solar panel installation is in Hales Corners.
The national average cost of solar panels is $2.66 per watt, but in Hales Corners it’s 4 per watt.The average Hales Corners homeowner needs a 6.9-kilowatt system, which would cost about $18,650 with the federal tax credit, or $26,670 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of solar system you want, your solar contractor and more.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Hales Corners can save about $23,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Hales Corners
| Year | Return on Investment |
|---|---|
| 1 years | $-17,354 |
| 3 years | $-14,763 |
| 5 years | $-12,172 |
| 7 years | $-9,581 |
| 9 years | $-6,990 |
| 11 years | $-4,399 |
| 13 years | $-1,808 |
| 15 years | $783 |
| 17 years | $3,374 |
| 19 years | $5,965 |
| 21 years | $8,556 |
| 23 years | $11,147 |
| 25 years | $13,738 |
Top Solar Installers in Hales Corners
Trying to put up solar panels on your own can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. Another advantage of working with a solar company is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
If you're searching for a solar installer in Hales Corners, the EcoWatch team has organized a list of our top suggestions here:
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 Hales Corners
Factors that Affect Solar Panel Costs in Hales Corners
While the average cost of a solar system in Hales Corners is $18,650, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel 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. There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Hales Corners homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can play a part in determining the cost. Hales Corners’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Hales Corners have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $18,679 | 11.9 years |
| 8 kW | $3.96 | $22,163 | $25,340 | 11.7 years |
| 10 kW | $3.88 | $27,160 | $32,219 | 11.4 years |
| 12 kW | $3.80 | $31,940 | $39,314 | 11.2 years |
| 14 kW | $3.72 | $36,503 | $46,627 | 11.0 years |
| 16 kW | $3.65 | $40,849 | $54,157 | 10.7 years |
| 18 kW | $3.57 | $44,977 | $61,905 | 10.5 years |
| 20 kW | $3.49 | $48,888 | $69,870 | 10.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should choose, since different companies have different panels.
- 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 panel system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Hales Corners, WI Solar Cost FAQs
What is the average cost of installing solar panels in Hales Corners?
This is a tough question to answer exactly, because the cost depends on a few different 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 higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Hales Corners?
Solar panels aren’t free in Hales Corners, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your home value?
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 Hales Corners is currently $361,230, so you can expect a value of about $14,810 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Hales Corners is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 install between 20 and 35 panels to cover 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.