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 figure above, a solar installation costs around $19,950, or $28,528 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Rib Mountain homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar installer in Rib Mountain for a personalized estimate.
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
Although you can install solar panels yourself, it involves extra energy and knowledge. Because of that, almost all homeowners choose a solar panel installer. Another good thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 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 Rib Mountain
Factors that Affect Solar Panel Costs in Rib Mountain
Even though the average cost of a solar system in Rib Mountain is $19,950, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,880 per kilowatt in Rib Mountain.Some solar panel brands — like Maxeon from SunPower — are more costly 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 you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Rib Mountain, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating in Rib Mountain, and each can charge different amounts for labor and equipment.Additionally, some companies in Rib Mountain are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $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 kind of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you’re concerned about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 what solar panel system size you need, you need to know how much energy your home needs 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.