Solar Panel Cost Guide in Saratoga, WI (2025 Update)
- Saratoga Solar Installation Cost: $20,025
- 25-Year Savings: $21,746
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Saratoga
Find out what the average cost of solar panels are in Saratoga.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Saratoga, the typical cost of solar panels is 4 per watt.Because a 7.4-kW system is needed to cover the energy needs of a typical home in Saratoga, the average price of going solar will be about $20,025 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Saratoga homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Saratoga find going solar can pay off big.
You can click the button below to get connected with a top solar installer in Saratoga that can help you get a more accurate cost estimate for your home.
Solar savings over time in Saratoga
| Year | Return on Investment |
|---|---|
| 1 years | $-19,127 |
| 3 years | $-17,331 |
| 5 years | $-15,535 |
| 7 years | $-13,739 |
| 9 years | $-11,942 |
| 11 years | $-10,146 |
| 13 years | $-8,350 |
| 15 years | $-6,554 |
| 17 years | $-4,758 |
| 19 years | $-2,962 |
| 21 years | $-1,166 |
| 23 years | $630 |
| 25 years | $2,426 |
Top Solar Installers in Saratoga
Installing solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. The payback period of solar panels will vary depending on factors like your location and energy usage, but working with a solar installer can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Saratoga
Factors that Affect Solar Panel Costs in Saratoga
For many Saratoga homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Saratoga, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Saratoga, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $3,880 for each additional kilowatt you need.The kind of solar panels and equipment you choose is another factor that will substantially influence 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 decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your total costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Saratoga is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different costs.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $11,668 | 14.8 years |
| 8 kW | $3.96 | $22,163 | $15,992 | 14.5 years |
| 10 kW | $3.88 | $27,160 | $20,534 | 14.2 years |
| 12 kW | $3.80 | $31,940 | $25,292 | 14.0 years |
| 14 kW | $3.72 | $36,503 | $30,268 | 13.7 years |
| 16 kW | $3.65 | $40,849 | $35,461 | 13.4 years |
| 18 kW | $3.57 | $44,977 | $40,872 | 13.1 years |
| 20 kW | $3.49 | $48,888 | $46,500 | 12.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
EcoWatch's Saratoga, WI Solar Cost FAQs
How much does it cost to install solar panels in Saratoga?
The average cost of solar panels in Saratoga 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Saratoga?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.