Solar Panel Cost Guide in Randall, WI (2023 Update)
- Randall Solar Installation Cost: $12,696
- 25-Year Savings: $26,320
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Randall
We break down average solar pricing in Randall.
The national average cost of solar panels is $2.66 per watt, but in Randall it's 2.6 per watt. The average Randall homeowner needs a 7.0-kilowatt system, which would cost about $12,704 with the federal tax credit, or $18,167 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar system you want, your solar contractor and more. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on utility bills.
To get a free quote from a pre-vetted solar installation company in Randall, you can click the button below.
Solar savings over time in Randall
| Year | Return on Investment |
|---|---|
| 1 years | $-12,565 |
| 3 years | $-12,305 |
| 5 years | $-12,045 |
| 7 years | $-11,785 |
| 9 years | $-11,525 |
| 11 years | $-11,265 |
| 13 years | $-11,005 |
| 15 years | $-10,745 |
| 17 years | $-10,485 |
| 19 years | $-10,225 |
| 21 years | $-9,964 |
| 23 years | $-9,704 |
| 25 years | $-9,444 |
Top Solar Installers in Randall
Although you can install solar panels on your own, it requires extra effort and handiness. That's why almost all homeowners choose to hire a solar panel installer. Plus, if you aren't sure what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Randall
Factors that Affect Solar Panel Costs in Randall
There are several factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar system in Randall, one of the most crucial 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 consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,600 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Randall offer solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also adds to your overall costs, so it's vital to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Randall, and each can charge varying amounts for labor and equipment. Additionally, some companies in Randall know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $22,202 | 8.5 years |
| 8 kW | $2.65 | $14,851 | $29,894 | 8.3 years |
| 10 kW | $2.60 | $18,200 | $37,732 | 8.1 years |
| 12 kW | $2.55 | $21,403 | $45,715 | 8.0 years |
| 14 kW | $2.50 | $24,461 | $53,844 | 7.8 years |
| 16 kW | $2.44 | $27,373 | $62,118 | 7.6 years |
| 18 kW | $2.39 | $30,139 | $70,538 | 7.5 years |
| 20 kW | $2.34 | $32,760 | $79,104 | 7.3 years |
How to Save on Solar Panels
The solar company you opt for will affect 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 consider, including:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of 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 past customers.
- Installation Process: When making the switch to solar, it's essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
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 Randall, WI Solar Cost FAQs
How much does it cost to install solar panels in Randall?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
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 a solar system."
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 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.
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.