Solar Panel Cost Guide in Ledgeview, WI (2023 Update)
- Ledgeview Solar Installation Cost: $18,890
- 25-Year Savings: $24,539
- Payback Period: 12.7 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Ledgeview
Let's have a look at the average cost of solar panels in Ledgeview.
In Ledgeview, solar panels cost about 2.6 per watt on average.Since a 7.0-kW system is needed to cover the energy usage of a typical home in Ledgeview, the average price of going solar will be about $12,667 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Ledgeview homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $20,000 on energy bills over 20 years, many homeowners in Ledgeview find installing solar panels can pay off big.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Ledgeview
| Year | Return on Investment |
|---|---|
| 1 years | $-17,673 |
| 3 years | $-15,239 |
| 5 years | $-12,805 |
| 7 years | $-10,370 |
| 9 years | $-7,936 |
| 11 years | $-5,502 |
| 13 years | $-3,068 |
| 15 years | $-634 |
| 17 years | $1,800 |
| 19 years | $4,234 |
| 21 years | $6,668 |
| 23 years | $9,102 |
| 25 years | $11,536 |
Top Solar Installers in Ledgeview
When making the switch to solar, many homeowners decide to go with a solar company since overseeing your solar installation yourself can be a challenging project. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
If you're on the hunt for a solar company in Ledgeview, the EcoWatch team has 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 Ledgeview
Factors that Affect Solar Panel Costs in Ledgeview
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Ledgeview: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 around $2,600. The brand and type 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 often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular option 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.However, the interest on solar loans also increases your overall costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Ledgeview, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $15,141 | 13.2 years |
| 8 kW | $3.96 | $22,163 | $20,623 | 12.9 years |
| 10 kW | $3.88 | $27,160 | $26,322 | 12.7 years |
| 12 kW | $3.80 | $31,940 | $32,238 | 12.4 years |
| 14 kW | $3.72 | $36,503 | $38,371 | 12.2 years |
| 16 kW | $3.65 | $40,849 | $44,722 | 11.9 years |
| 18 kW | $3.57 | $44,977 | $51,290 | 11.7 years |
| 20 kW | $3.49 | $48,888 | $58,076 | 11.4 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: The kind of solar panel you want plays a part in which company you should opt for, since different companies offer different panels.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
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 Ledgeview, WI Solar Cost FAQs
How much does it cost to install solar panels in Ledgeview?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
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 places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Ledgeview, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Ledgeview?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.