Solar Panel Cost Guide in Horicon, WI (2023 Update)
- Horicon Solar Installation Cost: $13,249
- 25-Year Savings: $25,474
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Horicon
Find out how much it might cost to switch to solar power in Horicon.
In Horicon, solar panels cost about 2.6 per watt on average. Since a 7.3-kW system is needed to cover the energy consumption of a typical home in Horicon, the average price of going solar will be about $13,250 after claiming the federal solar tax credit of 30%.
How much you pay can be above or below the average in Horicon based on several factors, such as the type of solar panels you choose and the solar installer you hire. With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Horicon find installing solar panels can pay off big.
Click the button below to get connected to a highly rated solar installer in your area for a personalized quote.
Solar savings over time in Horicon
| Year | Return on Investment |
|---|---|
| 1 years | $-11,953 |
| 3 years | $-9,362 |
| 5 years | $-6,771 |
| 7 years | $-4,180 |
| 9 years | $-1,589 |
| 11 years | $1,002 |
| 13 years | $3,593 |
| 15 years | $6,184 |
| 17 years | $8,775 |
| 19 years | $11,366 |
| 21 years | $13,957 |
| 23 years | $16,548 |
| 25 years | $19,139 |
Top Solar Installers in Horicon
When making the switch to solar, many homeowners prefer to hire a solar company since putting up solar panels yourself can be a challenging project. The expertise that solar installers offer can be helpful as well, especially if you aren't sure what kind of solar equipment you need.
If you'd like to make the switch to solar but still aren't sure which solar company to go with, here are our suggestions for providers in Horicon:
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 Horicon
Factors that Affect Solar Panel Costs in Horicon
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Horicon: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Horicon, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by around $2,600 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Horicon, 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
Most solar installers in Horicon offer solar loans, which reduce your upfront costs of installing solar panels. While solar loans make switching to solar energy more accessible for Horicon homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Horicon, and each can charge varying amounts 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 | $2.70 | $11,357 | $20,560 | 8.9 years |
| 8 kW | $2.65 | $14,851 | $27,705 | 8.7 years |
| 10 kW | $2.60 | $18,200 | $34,995 | 8.6 years |
| 12 kW | $2.55 | $21,403 | $42,431 | 8.4 years |
| 14 kW | $2.50 | $24,461 | $50,012 | 8.2 years |
| 16 kW | $2.44 | $27,373 | $57,739 | 8.0 years |
| 18 kW | $2.39 | $30,139 | $65,612 | 7.9 years |
| 20 kW | $2.34 | $32,760 | $73,630 | 7.7 years |
How to Save on Solar Panels
There are many companies available in Horicon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Horicon, WI Solar Cost FAQs
What is the average cost of installing solar panels in Horicon?
The average cost of solar panels in Horicon is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Horicon?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Horicon?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.