Solar Panel Cost Guide in Mcfarland, WI (Mar 2023)
- Mcfarland Solar Installation Cost: $13,231
- 25-Year Savings: $27,817
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mcfarland
Let's take a look at the average cost of solar in Mcfarland.
The average cost of solar panels in Mcfarland is 2.6 per watt. To cover the typical energy usage of the average home in Mcfarland, most homeowners require a 7.3-kilowatt system. Using the figure above, a solar installation costs around $13,231, or $18,920 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Mcfarland can save about $21,000 on their electricity bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mcfarland
| Year | Return on Investment |
|---|---|
| 1 years | $-11,589 |
| 3 years | $-8,306 |
| 5 years | $-5,022 |
| 7 years | $-1,738 |
| 9 years | $1,546 |
| 11 years | $4,830 |
| 13 years | $8,114 |
| 15 years | $11,398 |
| 17 years | $14,681 |
| 19 years | $17,965 |
| 21 years | $21,249 |
| 23 years | $24,533 |
| 25 years | $27,817 |
Top Solar Installers in Mcfarland
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your switch to solar power much easier. The expertise that solar installers offer can be helpful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Mcfarland
Factors that Affect Solar Panel Costs in Mcfarland
The cost of installing a solar system in Mcfarland can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,600. There are many different solar panel brands and the one you pick also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Mcfarland homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $22,501 | 8.4 years |
| 8 kW | $2.65 | $14,851 | $30,293 | 8.2 years |
| 10 kW | $2.60 | $18,200 | $38,230 | 8.1 years |
| 12 kW | $2.55 | $21,403 | $46,313 | 7.9 years |
| 14 kW | $2.50 | $24,461 | $54,542 | 7.7 years |
| 16 kW | $2.44 | $27,373 | $62,916 | 7.6 years |
| 18 kW | $2.39 | $30,139 | $71,435 | 7.4 years |
| 20 kW | $2.34 | $32,760 | $80,101 | 7.3 years |
How to Save on Solar Panels
The solar installer you opt for will impact 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:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: If you care about the endurance of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Mcfarland, WI Solar Cost FAQs
How much does it cost to install solar panels in Mcfarland?
The average cost of solar panels in Mcfarland 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Mcfarland?
You can't get solar panels for free in Mcfarland. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Mcfarland, 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 many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.