Solar Panel Cost Guide in Oconomowoc, WI (2025 Update)
- Oconomowoc Solar Installation Cost: $19,621
- 25-Year Savings: $23,723
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Oconomowoc
Find out what the average cost of installing solar panels is in Oconomowoc.
The average cost of solar panels in Oconomowoc is 4 per watt.To account for the typical energy usage of the average home in Oconomowoc, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,621, or $28,058 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more.For many homeowners, the upfront investment in solar panels is worth paying. On average Oconomowoc homeowners see about $19,000 in savings on energy bills over 20 years.
To get a free estimate from a vetted solar installer in Oconomowoc, you can click the button below.
Solar savings over time in Oconomowoc
| 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 Oconomowoc
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar company can make converting to solar power much easier. The payback period of solar panels will vary depending on factors like your location and energy consumption, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you're looking for a solar company in Oconomowoc, we've put together a list of our top suggestions here:
See all of the solar companies in Oconomowoc
Factors that Affect Solar Panel Costs in Oconomowoc
There are many criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,880 per kilowatt in Oconomowoc.The brand of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Oconomowoc homeowners opt to finance their solar panel systems to offset upfront costs.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Oconomowoc, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, 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 | $13,675 | 13.8 years |
| 8 kW | $3.96 | $22,163 | $18,668 | 13.6 years |
| 10 kW | $3.88 | $27,160 | $23,878 | 13.3 years |
| 12 kW | $3.80 | $31,940 | $29,306 | 13.0 years |
| 14 kW | $3.72 | $36,503 | $34,950 | 12.8 years |
| 16 kW | $3.65 | $40,849 | $40,812 | 12.5 years |
| 18 kW | $3.57 | $44,977 | $46,892 | 12.2 years |
| 20 kW | $3.49 | $48,888 | $53,188 | 12.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies offer different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
EcoWatch's Oconomowoc, WI Solar Cost FAQs
What is the average cost of installing solar panels in Oconomowoc?
The average cost of solar panels in Oconomowoc is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Oconomowoc?
A solar panel system isn’t free in Oconomowoc, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.