Solar Panel Cost Guide in Mayville, WI (2025 Update)
- Mayville Solar Installation Cost: $19,771
- 25-Year Savings: $25,474
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Mayville
We go over average solar pricing in Mayville.
The national average cost of solar panels is $2.66 per watt, but in Mayville it’s 4 per watt.Because a 7.3-kW system is needed to cover the energy costs of a typical home in Mayville, the average price of going solar will be about $19,771 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.Despite the large initial cost, the average Mayville homeowner can save about $20,000 on their energy bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Mayville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mayville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,475 |
| 3 years | $-15,884 |
| 5 years | $-13,293 |
| 7 years | $-10,703 |
| 9 years | $-8,112 |
| 11 years | $-5,521 |
| 13 years | $-2,930 |
| 15 years | $-339 |
| 17 years | $2,252 |
| 19 years | $4,843 |
| 21 years | $7,434 |
| 23 years | $10,025 |
| 25 years | $12,616 |
Top Solar Installers in Mayville
Trying to install solar panels by yourself can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
See all of the solar companies in Mayville
Factors that Affect Solar Panel Costs in Mayville
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Mayville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Mayville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,880 for each additional kilowatt you need.The kind of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about 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’s in your budget.
Solar Financing Terms
Most solar companies in Mayville offer solar loans, which reduce the initial cost of installing solar panels.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Mayville, and each can charge different amounts for labor and equipment.Additionally, some companies in Mayville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $4.04 | $16,948 | $14,969 | 13.3 years |
| 8 kW | $3.96 | $22,163 | $20,393 | 13.0 years |
| 10 kW | $3.88 | $27,160 | $26,035 | 12.8 years |
| 12 kW | $3.80 | $31,940 | $31,894 | 12.5 years |
| 14 kW | $3.72 | $36,503 | $37,970 | 12.3 years |
| 16 kW | $3.65 | $40,849 | $44,263 | 12.0 years |
| 18 kW | $3.57 | $44,977 | $50,774 | 11.7 years |
| 20 kW | $3.49 | $48,888 | $57,502 | 11.5 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a quality company.
EcoWatch's Mayville, WI Solar Cost FAQs
What is the average cost of installing solar panels in Mayville?
This is a tough question to answer precisely, because the cost depends on many 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 more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,063.90 per year.
How often do you have to replace solar panels?
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 higher level 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.