Solar Panel Cost Guide in Koshkonong, WI (2023 Update)
- Koshkonong Solar Installation Cost: $13,250
- 25-Year Savings: $23,872
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Koshkonong
Let's take a look at the average cost of solar in Koshkonong.
The average cost of a solar system in Koshkonong is 2.6 per watt. Since a 7.3-kW system is needed to cover the energy needs of a typical home in Koshkonong, the average price of going solar will be about $13,250 after claiming the federal solar tax credit of 30%.
The true cost of your system can be higher or lower than the average in Koshkonong based on several factors, such as the brand of solar panels you choose and the solar contractor you hire. Despite the high upfront cost, the average Koshkonong homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Koshkonong
| Year | Return on Investment |
|---|---|
| 1 years | $-11,765 |
| 3 years | $-8,795 |
| 5 years | $-5,825 |
| 7 years | $-2,856 |
| 9 years | $114 |
| 11 years | $3,084 |
| 13 years | $6,053 |
| 15 years | $9,023 |
| 17 years | $11,993 |
| 19 years | $14,963 |
| 21 years | $17,932 |
| 23 years | $20,902 |
| 25 years | $23,872 |
Top Solar Installers in Koshkonong
Putting up solar panels on your own can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Another benefit of using a solar company is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Koshkonong
Factors that Affect Solar Panel Costs in Koshkonong
There are several criteria that can influence your 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 installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,600 per kilowatt in Koshkonong. The brand of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on 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 into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Koshkonong is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Koshkonong have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $2.70 | $11,357 | $19,238 | 9.3 years |
| 8 kW | $2.65 | $14,851 | $25,942 | 9.1 years |
| 10 kW | $2.60 | $18,200 | $32,792 | 8.9 years |
| 12 kW | $2.55 | $21,403 | $39,787 | 8.7 years |
| 14 kW | $2.50 | $24,461 | $46,928 | 8.6 years |
| 16 kW | $2.44 | $27,373 | $54,214 | 8.4 years |
| 18 kW | $2.39 | $30,139 | $61,646 | 8.2 years |
| 20 kW | $2.34 | $32,760 | $69,224 | 8.0 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Solar Panel Brands: The brand of solar panel you need plays a role in which installer you should choose, since different companies have access to different panels.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Koshkonong, WI Solar Cost FAQs
What is the average cost of installing solar panels in Koshkonong?
The average cost of solar panels in Koshkonong is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Koshkonong?
Leasing solar panels can be an appealing choice, because 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt 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 many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 household 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.