Solar Panel Cost Guide in Holland, WI (2023 Update)
- Holland Solar Installation Cost: $13,494
- 25-Year Savings: $23,185
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Holland
Let's take a look at the average cost of solar in Holland.
The average cost of a solar system in Holland is 2.6 per watt. The average Holland homeowner needs a 7.4-kilowatt system, which would cost about $13,486 with the federal tax credit, or $19,285 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary quite a bit based on a few factors, such as how many panels you need, your energy consumption and what company you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Holland can save about $19,000 on their electricity bills over 20 years.
To receive a free quote from a vetted solar installer in Holland, you can click the button below.
Solar savings over time in Holland
| Year | Return on Investment |
|---|---|
| 1 years | $-12,390 |
| 3 years | $-10,181 |
| 5 years | $-7,973 |
| 7 years | $-5,764 |
| 9 years | $-3,556 |
| 11 years | $-1,347 |
| 13 years | $861 |
| 15 years | $3,070 |
| 17 years | $5,278 |
| 19 years | $7,487 |
| 21 years | $9,695 |
| 23 years | $11,904 |
| 25 years | $14,112 |
Top Solar Installers in Holland
Although it's possible to install solar panels on your own, it requires extra effort and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. In addition, if you'd like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Holland
Factors that Affect Solar Panel Costs in Holland
There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,600. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Holland, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's important to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $18,325 | 9.6 years |
| 8 kW | $2.65 | $14,851 | $24,725 | 9.4 years |
| 10 kW | $2.60 | $18,200 | $31,270 | 9.2 years |
| 12 kW | $2.55 | $21,403 | $37,961 | 9.0 years |
| 14 kW | $2.50 | $24,461 | $44,797 | 8.8 years |
| 16 kW | $2.44 | $27,373 | $51,780 | 8.6 years |
| 18 kW | $2.39 | $30,139 | $58,907 | 8.5 years |
| 20 kW | $2.34 | $32,760 | $66,180 | 8.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Holland, WI Solar Cost FAQs
What is the average cost of installing solar panels in Holland?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Holland?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Holland?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.