Solar Panel Cost Guide in Menomonee Falls, WI (2024 Update)
- Menomonee Falls Solar Installation Cost: $19,621
- 25-Year Savings: $27,625
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Menomonee Falls
Find out what the average cost of solar panels are in Menomonee Falls.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Menomonee Falls, the typical cost of a solar system is 4 per watt.Using this figure, a typical 7.2-kW system would cost about $19,621 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 Menomonee Falls homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Menomonee Falls can save about $21,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Menomonee Falls for a quote for your home.
Solar savings over time in Menomonee Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-18,326 |
| 3 years | $-15,735 |
| 5 years | $-13,144 |
| 7 years | $-10,553 |
| 9 years | $-7,962 |
| 11 years | $-5,371 |
| 13 years | $-2,780 |
| 15 years | $-189 |
| 17 years | $2,402 |
| 19 years | $4,993 |
| 21 years | $7,584 |
| 23 years | $10,175 |
| 25 years | $12,766 |
Top Solar Installers in Menomonee Falls
Installing solar panels by yourself can be a stressful task, which is why getting a solar installation company is a good option for many homeowners. Solar companies 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 estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Menomonee Falls
Factors that Affect Solar Panel Costs in Menomonee Falls
Although the average cost of a solar system in Menomonee Falls is $19,621, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of solar panels in Menomonee Falls, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,880 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Menomonee Falls average.
Solar Financing Terms
Many homeowners find the average cost of solar in Menomonee Falls to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest.However, the interest on solar loans also increases your total costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Menomonee Falls, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.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 specials 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 | $4.04 | $16,948 | $16,915 | 12.5 years |
| 8 kW | $3.96 | $22,163 | $22,988 | 12.3 years |
| 10 kW | $3.88 | $27,160 | $29,279 | 12.0 years |
| 12 kW | $3.80 | $31,940 | $35,786 | 11.8 years |
| 14 kW | $3.72 | $36,503 | $42,511 | 11.5 years |
| 16 kW | $3.65 | $40,849 | $49,453 | 11.3 years |
| 18 kW | $3.57 | $44,977 | $56,613 | 11.1 years |
| 20 kW | $3.49 | $48,888 | $63,989 | 10.8 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining 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 keep in mind, including:
- Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Menomonee Falls, WI Solar Cost FAQs
How much does it cost to install solar panels in Menomonee Falls?
This is a tough question to answer exactly, because the cost depends on a few different 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 above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Menomonee Falls?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside 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 my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 install 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.