Solar Panel Cost Guide in Mount Horeb, WI (2023 Update)
- Mount Horeb Solar Installation Cost: $13,231
- 25-Year Savings: $24,594
- Payback Period: 8.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Horeb
We go over average solar pricing in Mount Horeb.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Horeb, the average cost of solar panels is 2.6 per watt. The average Mount Horeb homeowner needs a 7.3-kilowatt system, which would cost about $13,231 with the federal tax credit, or $18,920 before the 30% tax credit is applied.
The true cost of your system can be higher or lower than the average in Mount Horeb depending on several factors, such as the kind of solar panels you choose and the solar company you hire. Despite the large upfront cost, the average Mount Horeb homeowner can save around $20,000 on their power bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a highly rated solar company in Mount Horeb, you can click the button below.
Solar savings over time in Mount Horeb
| Year | Return on Investment |
|---|---|
| 1 years | $-11,718 |
| 3 years | $-8,692 |
| 5 years | $-5,666 |
| 7 years | $-2,640 |
| 9 years | $386 |
| 11 years | $3,412 |
| 13 years | $6,438 |
| 15 years | $9,464 |
| 17 years | $12,490 |
| 19 years | $15,516 |
| 21 years | $18,542 |
| 23 years | $21,568 |
| 25 years | $24,594 |
Top Solar Installers in Mount Horeb
Putting up solar panels yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be useful as well, especially if you don't quite know what type of solar equipment would be right for your home.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Mount Horeb
Factors that Affect Solar Panel Costs in Mount Horeb
Though the average cost of a solar system in Mount Horeb is $13,231, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,600. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Mount Horeb provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your total costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Mount Horeb are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.70 | $11,357 | $19,843 | 9.1 years |
| 8 kW | $2.65 | $14,851 | $26,749 | 8.9 years |
| 10 kW | $2.60 | $18,200 | $33,800 | 8.7 years |
| 12 kW | $2.55 | $21,403 | $40,997 | 8.6 years |
| 14 kW | $2.50 | $24,461 | $48,339 | 8.4 years |
| 16 kW | $2.44 | $27,373 | $55,827 | 8.2 years |
| 18 kW | $2.39 | $30,139 | $63,461 | 8.0 years |
| 20 kW | $2.34 | $32,760 | $71,240 | 7.9 years |
How to Save on Solar Panels
There are numerous companies available in Mount Horeb, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you want to get plays a role in which company you should opt for, since different companies have access to different panels.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
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 Mount Horeb, WI Solar Cost FAQs
How much does it cost to install solar panels in Mount Horeb?
The average cost of solar panels in Mount Horeb is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Mount Horeb?
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 savings from going solar.
Can you sell solar power back to the grid in Mount Horeb?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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.