Solar Panel Cost Guide in Holland, WI (2024 Update)
- Holland Solar Installation Cost: $20,137
- 25-Year Savings: $23,185
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Holland
Let’s have a look at the average cost of solar in Holland.
The average cost of a solar panel system in Holland is 4 per watt.Using this figure, a typical 7.4-kW system would cost about $20,137 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Holland homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant upfront cost, the average Holland homeowner can save around $19,000 on their power bills over 20 years, which is one of the advantages of solar.
To receive a free quote from a highly rated solar company in Holland, you can click the button below.
Solar savings over time in Holland
| Year | Return on Investment |
|---|---|
| 1 years | $-19,033 |
| 3 years | $-16,824 |
| 5 years | $-14,616 |
| 7 years | $-12,407 |
| 9 years | $-10,199 |
| 11 years | $-7,990 |
| 13 years | $-5,782 |
| 15 years | $-3,573 |
| 17 years | $-1,365 |
| 19 years | $844 |
| 21 years | $3,052 |
| 23 years | $5,261 |
| 25 years | $7,469 |
Top Solar Installers in Holland
Although it's possible to install solar panels yourself, it requires extra effort and know-how. That's one of the reasons most homeowners choose a solar panel installer. Some solar companies, particularly local ones, can help you take advantage of incentives in Holland, therefore optimizing your ROI.
If you’d like to start using solar energy but still aren’t sure which solar system company to go with, here are our suggestions for providers near you:
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 Holland
Factors that Affect Solar Panel Costs in Holland
Though the average cost of a solar system in Holland is $20,137, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Holland, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by about $3,880 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Holland average.
Solar Financing Terms
Most solar companies in Holland provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Holland, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $12,734 | 14.3 years |
| 8 kW | $3.96 | $22,163 | $17,414 | 14.0 years |
| 10 kW | $3.88 | $27,160 | $22,310 | 13.7 years |
| 12 kW | $3.80 | $31,940 | $27,424 | 13.5 years |
| 14 kW | $3.72 | $36,503 | $32,755 | 13.2 years |
| 16 kW | $3.65 | $40,849 | $38,304 | 12.9 years |
| 18 kW | $3.57 | $44,977 | $44,069 | 12.6 years |
| 20 kW | $3.49 | $48,888 | $50,052 | 12.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should choose, since different companies provide different panels.
- Reputation: Make sure your solar company has a good reputation by confirming 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.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project completion timeline.
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 Holland, WI Solar Cost FAQs
How much does it cost to install solar panels in Holland?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Holland?
Solar panels aren’t free in Holland, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Holland, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Holland?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.