Solar Panel Cost Guide in Lac Du Flambeau, WI (2023 Update)
- Lac Du Flambeau Solar Installation Cost: $13,814
- 25-Year Savings: $22,014
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lac Du Flambeau
Let's have a look at the average cost of solar panels in Lac Du Flambeau.
While the national average of solar panels is $2.66 per watt, solar panels in Lac Du Flambeau typically cost about 2.6. The average solar panel system size in Lac Du Flambeau is around 7.6 kilowatts, meaning a cost of about $13,814 for a solar installation, or $19,754 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Lac Du Flambeau depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar is worth paying. On average Lac Du Flambeau homeowners see about $18,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Lac Du Flambeau
| Year | Return on Investment |
|---|---|
| 1 years | $-12,381 |
| 3 years | $-9,514 |
| 5 years | $-6,648 |
| 7 years | $-3,782 |
| 9 years | $-916 |
| 11 years | $1,951 |
| 13 years | $4,817 |
| 15 years | $7,683 |
| 17 years | $10,549 |
| 19 years | $13,415 |
| 21 years | $16,282 |
| 23 years | $19,148 |
| 25 years | $22,014 |
Top Solar Installers in Lac Du Flambeau
Many homeowners choose to hire a solar installer since figuring out how to install solar panels by yourself can be a lot of work. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're looking for a solar company in Lac Du Flambeau, we've organized a list of our top suggestions here:
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 Lac Du Flambeau
Factors that Affect Solar Panel Costs in Lac Du Flambeau
The cost of installing a solar system in Lac Du Flambeau can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,600. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Lac Du Flambeau, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $16,956 | 10.0 years |
| 8 kW | $2.65 | $14,851 | $22,899 | 9.8 years |
| 10 kW | $2.60 | $18,200 | $28,988 | 9.6 years |
| 12 kW | $2.55 | $21,403 | $35,223 | 9.4 years |
| 14 kW | $2.50 | $24,461 | $41,603 | 9.3 years |
| 16 kW | $2.44 | $27,373 | $48,128 | 9.1 years |
| 18 kW | $2.39 | $30,139 | $54,799 | 8.9 years |
| 20 kW | $2.34 | $32,760 | $61,616 | 8.7 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. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should opt for, since different companies provide different panels.
- Warranty: If you're concerned about the endurance of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Lac Du Flambeau, WI Solar Cost FAQs
What is the average cost of installing solar panels in Lac Du Flambeau?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Lac Du Flambeau?
Solar panels aren't free in Lac Du Flambeau, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase the value of your home?
Solar panels can increase your home value remarkably 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% after installing a solar system."
How long do solar panels last in Lac Du Flambeau?
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 larger 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.