Solar Panel Cost Guide in Menomonee Falls, WI (Mar 2023)
- Menomonee Falls Solar Installation Cost: $13,140
- 25-Year Savings: $27,633
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Menomonee Falls
We break down average solar pricing in Menomonee Falls.
The average cost of a solar panel system in Menomonee Falls is 2.6 per watt. The average Menomonee Falls homeowner needs a 7.2-kilowatt system, which would cost about $13,140 with the federal tax credit, or $18,790 before the 30% tax credit is applied.
These figures are only averages, and how much solar costs for you may vary based on your specific situation and what company you go with. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Menomonee Falls see about $21,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Menomonee Falls for a customized estimate.
Solar savings over time in Menomonee Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-11,509 |
| 3 years | $-8,248 |
| 5 years | $-4,986 |
| 7 years | $-1,724 |
| 9 years | $1,538 |
| 11 years | $4,800 |
| 13 years | $8,062 |
| 15 years | $11,323 |
| 17 years | $14,585 |
| 19 years | $17,847 |
| 21 years | $21,109 |
| 23 years | $24,371 |
| 25 years | $27,633 |
Top Solar Installers in Menomonee Falls
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your switch to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Menomonee Falls
Factors that Affect Solar Panel Costs in Menomonee Falls
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel 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, you can expect your total to increase by about $2,600. The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than 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 for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to adopt solar energy. Different companies will bill 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 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 | $2.70 | $11,357 | $22,506 | 8.4 years |
| 8 kW | $2.65 | $14,851 | $30,300 | 8.2 years |
| 10 kW | $2.60 | $18,200 | $38,239 | 8.1 years |
| 12 kW | $2.55 | $21,403 | $46,323 | 7.9 years |
| 14 kW | $2.50 | $24,461 | $54,553 | 7.7 years |
| 16 kW | $2.44 | $27,373 | $62,929 | 7.6 years |
| 18 kW | $2.39 | $30,139 | $71,450 | 7.4 years |
| 20 kW | $2.34 | $32,760 | $80,117 | 7.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: If you're worried about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable 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 positive reviews from past customers.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
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 Menomonee Falls, WI Solar Cost FAQs
What is the average cost of installing solar panels in Menomonee Falls?
The average cost of solar panels in Menomonee Falls 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 kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Menomonee Falls?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will having solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Menomonee Falls is currently $197,435, which means you could be looking at a value of about $8,095 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Menomonee Falls is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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 household 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.