Solar Panel Cost Guide in Holmen, WI (2024 Update)
- Holmen Solar Installation Cost: $20,137
- 25-Year Savings: $23,090
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Holmen
Let’s take a look at the average cost of solar panels in Holmen.
The national average cost of solar panels is $2.66 per watt, but in Holmen it’s 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.
Keep in mind 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 equipment you want to get, your solar contractor and more.Even with the large initial cost, the average Holmen homeowner can save around $19,000 on their energy bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Holmen
| 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 Holmen
Although it's possible to install solar panels on your own, it requires extra labor and expertise. Because of that, most people choose to go with a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Holmen
Factors that Affect Solar Panel Costs in Holmen
There are several factors that can influence your solar system 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
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $3,880 per kilowatt in Holmen.The brand of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, 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 for a solar system that falls within your budget.
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 Holmen homeowners opt to finance their solar panel systems to offset upfront costs.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Holmen, and each can charge varying amounts for labor and 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 cost more. It’s best to do some research and go with the company that has 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 | $12,658 | 14.3 years |
| 8 kW | $3.96 | $22,163 | $17,311 | 14.0 years |
| 10 kW | $3.88 | $27,160 | $22,183 | 13.8 years |
| 12 kW | $3.80 | $31,940 | $27,271 | 13.5 years |
| 14 kW | $3.72 | $36,503 | $32,577 | 13.2 years |
| 16 kW | $3.65 | $40,849 | $38,099 | 12.9 years |
| 18 kW | $3.57 | $44,977 | $43,840 | 12.7 years |
| 20 kW | $3.49 | $48,888 | $49,797 | 12.4 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
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 Holmen, WI Solar Cost FAQs
What is the average cost of installing solar panels in Holmen?
The average cost of solar panels in Holmen 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 things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Holmen?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Holmen?
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 their energy production will have decreased significantly after that point. You can decide 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.