Solar Panel Cost Guide in Ledgeview, WI (2024 Update)
- Ledgeview Solar Installation Cost: $18,890
- 25-Year Savings: $24,539
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Ledgeview
We go over average solar pricing in Ledgeview.
In Ledgeview, solar panels cost about 4 per watt on average.Using this figure, a typical 7.0-kW system would cost about $18,890 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Ledgeview homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the significant initial cost, the average Ledgeview homeowner can save around $20,000 on their energy bills over 20 years, which is one of the advantages of solar.
To calculate your potential ROI 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
Trying to put up solar panels yourself can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies offer can be helpful as well, especially if you don’t quite know what brand of solar equipment would be right for your home.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Ledgeview
Factors that Affect Solar Panel Costs in Ledgeview
There are many criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need, 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. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Ledgeview to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.While solar loans make going solar more accessible for Ledgeview homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Ledgeview, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also fit into your budget.
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
There are a large number of companies to choose from in Ledgeview, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar company 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 EcoWatch.
- Contract: Read the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
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 Ledgeview, WI Solar Cost FAQs
What is the average cost of installing solar panels in Ledgeview?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Ledgeview?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback 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 way to go if you want to get the most savings.
How will solar panels impact the value of my 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% after installing solar panels."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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 home 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.