Solar Panel Cost Guide in Hobart, WI (2024 Update)
- Hobart Solar Installation Cost: $18,890
- 25-Year Savings: $24,896
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Hobart
Let’s have a look at the average cost of solar in Hobart.
The national average cost of solar panels is $2.66 per watt, but in Hobart it’s 4 per watt.To account for the typical energy needs of the average home in Hobart, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs around $18,890, or $27,013 before the federal solar tax credit of 0 is applied.
The true price you pay can go above or below the average in Hobart depending on several factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a sound investment. The average homeowner in Hobart can save about $21,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Hobart
| Year | Return on Investment |
|---|---|
| 1 years | $-17,647 |
| 3 years | $-15,160 |
| 5 years | $-12,674 |
| 7 years | $-10,187 |
| 9 years | $-7,701 |
| 11 years | $-5,215 |
| 13 years | $-2,728 |
| 15 years | $-242 |
| 17 years | $2,244 |
| 19 years | $4,731 |
| 21 years | $7,217 |
| 23 years | $9,703 |
| 25 years | $12,190 |
Top Solar Installers in Hobart
When making the switch to solar, many homeowners choose to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar installer in Hobart, we've 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
See all of the solar companies in Hobart
Factors that Affect Solar Panel Costs in Hobart
Even though the average cost of a solar system in Hobart is $18,890, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar panel system in Hobart, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,880 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Hobart average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Hobart homeowners decide to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence the cost. Hobart’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that 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 go with the company that provides the products, warranties and services you want and also fits 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 | $15,450 | 13.1 years |
| 8 kW | $3.96 | $22,163 | $21,034 | 12.8 years |
| 10 kW | $3.88 | $27,160 | $26,836 | 12.6 years |
| 12 kW | $3.80 | $31,940 | $32,855 | 12.3 years |
| 14 kW | $3.72 | $36,503 | $39,091 | 12.1 years |
| 16 kW | $3.65 | $40,849 | $45,545 | 11.8 years |
| 18 kW | $3.57 | $44,977 | $52,216 | 11.6 years |
| 20 kW | $3.49 | $48,888 | $59,104 | 11.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company 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:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When looking through your solar installer’s contract, ask questions 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.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Hobart, WI Solar Cost FAQs
What is the average cost of installing solar panels in Hobart?
The average cost of solar panels in Hobart is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,079.92 per year.
How many solar panels do I need 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.