Solar Panel Cost Guide in Rib Mountain, WI (2024 Update)
- Rib Mountain Solar Installation Cost: $19,950
- 25-Year Savings: $22,040
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Rib Mountain
Let’s take a look at the average cost of solar in Rib Mountain.
The average cost of a solar panel system in Rib Mountain is 4 per watt.To account for the typical energy usage of the average home in Rib Mountain, most homeowners require a 7.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $19,950, or $28,528 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on factors unique to your home and what company you choose to go with.With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Rib Mountain find investing in solar can pay off big.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Rib Mountain
| Year | Return on Investment |
|---|---|
| 1 years | $-18,811 |
| 3 years | $-16,534 |
| 5 years | $-14,257 |
| 7 years | $-11,980 |
| 9 years | $-9,703 |
| 11 years | $-7,426 |
| 13 years | $-5,148 |
| 15 years | $-2,871 |
| 17 years | $-594 |
| 19 years | $1,683 |
| 21 years | $3,960 |
| 23 years | $6,237 |
| 25 years | $8,514 |
Top Solar Installers in Rib Mountain
Trying to install solar panels by yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. Another great thing about using a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Rib Mountain
Factors that Affect Solar Panel Costs in Rib Mountain
For many Rib Mountain homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Rib Mountain, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Rib Mountain, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Rib Mountain to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest.It’s a good idea to include 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Rib Mountain, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $11,975 | 14.6 years |
| 8 kW | $3.96 | $22,163 | $16,402 | 14.4 years |
| 10 kW | $3.88 | $27,160 | $21,045 | 14.1 years |
| 12 kW | $3.80 | $31,940 | $25,906 | 13.8 years |
| 14 kW | $3.72 | $36,503 | $30,984 | 13.5 years |
| 16 kW | $3.65 | $40,849 | $36,280 | 13.2 years |
| 18 kW | $3.57 | $44,977 | $41,792 | 13.0 years |
| 20 kW | $3.49 | $48,888 | $47,522 | 12.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
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 Rib Mountain, WI Solar Cost FAQs
What is the average cost of installing solar panels in Rib Mountain?
The average cost of solar panels in Rib Mountain 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $964.10 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.