Solar Panel Cost Guide in Hull, WI (2024 Update)
- Hull Solar Installation Cost: $19,891
- 25-Year Savings: $23,625
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Hull
Find out what the average cost of solar panel installation is in Hull.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hull, the typical cost of a solar system is 4 per watt.The average solar panel system size in Hull is around 7.3 kilowatts, meaning a cost of about $19,891 for a solar installation, or $28,444 before the 0 federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Hull based on a few factors, such as the kind of solar panels you choose and the solar installer you hire.With typical savings of about $19,000 on electricity bills over 20 years, many homeowners in Hull find going solar can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hull
| Year | Return on Investment |
|---|---|
| 1 years | $-18,993 |
| 3 years | $-17,197 |
| 5 years | $-15,401 |
| 7 years | $-13,605 |
| 9 years | $-11,809 |
| 11 years | $-10,012 |
| 13 years | $-8,216 |
| 15 years | $-6,420 |
| 17 years | $-4,624 |
| 19 years | $-2,828 |
| 21 years | $-1,032 |
| 23 years | $764 |
| 25 years | $2,560 |
Top Solar Installers in Hull
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring an installer can make your switch to solar power much easier. Some solar companies, particularly local ones, can help you take advantage of incentives in Hull, optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Hull:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 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 Hull
Factors that Affect Solar Panel Costs in Hull
Although the average cost of a solar system in Hull is $19,891, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,880. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Hull provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your total costs, so it’s important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Hull, and each can charge different amounts for labor and equipment.Additionally, some companies in Hull know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,327 | 14.0 years |
| 8 kW | $3.96 | $22,163 | $18,204 | 13.7 years |
| 10 kW | $3.88 | $27,160 | $23,298 | 13.5 years |
| 12 kW | $3.80 | $31,940 | $28,609 | 13.2 years |
| 14 kW | $3.72 | $36,503 | $34,138 | 12.9 years |
| 16 kW | $3.65 | $40,849 | $39,884 | 12.6 years |
| 18 kW | $3.57 | $44,977 | $45,847 | 12.4 years |
| 20 kW | $3.49 | $48,888 | $52,027 | 12.1 years |
How to Save on Solar Panels
The company that does your system 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:
- Reputation: Make sure your solar system installer 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.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 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 Hull, WI Solar Cost FAQs
How much does it cost to install solar panels in Hull?
The average cost of solar panels in Hull 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 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 why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.