Solar Panel Cost Guide in Richland Center, WI (Jan 2023)
- Richland Center Solar Installation Cost: $13,413
- 25-Year Savings: $20,462
- Payback Period: 9.9 Years
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Top Solar Installers in Richland Center
Although it's possible to install solar panels on your own, it takes extra time and know-how. Because of that, the majority of homeowners choose a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Richland Center
Factors that Affect Solar Panel Costs in Richland Center
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Richland Center: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
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 consumes, the larger your system will likely need to be. You can expect to spend about $2,600 per kilowatt in Richland Center. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Richland Center average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect the cost. Richland Center's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also is within your budget.
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||$16,207||10.3 years|
|8 kW||$2.65||$14,851||$21,901||10.1 years|
|10 kW||$2.60||$18,200||$27,740||9.9 years|
|12 kW||$2.55||$21,403||$33,725||9.7 years|
|14 kW||$2.50||$24,461||$39,856||9.5 years|
|16 kW||$2.44||$27,373||$46,132||9.3 years|
|18 kW||$2.39||$30,139||$52,554||9.1 years|
|20 kW||$2.34||$32,760||$59,121||8.9 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you want plays a part in which installer you should go with, since different companies have different panels.
EcoWatch's Richland Center, WI Solar Cost FAQs
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.