Solar Panel Cost Guide in Somers, WI (2024 Update)
- Somers Solar Installation Cost: $18,946
- 25-Year Savings: $28,078
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Somers
See how much it might cost to install solar panels in Somers.
The average cost of a solar system in Somers is 4 per watt.The average Somers homeowner needs a 7.0-kilowatt system, which would cost about $18,946 with the federal tax credit, or $27,093 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Somers homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Somers can save about $22,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Somers
Year | Return on Investment |
---|---|
1 years | $-17,650 |
3 years | $-15,059 |
5 years | $-12,468 |
7 years | $-9,877 |
9 years | $-7,286 |
11 years | $-4,695 |
13 years | $-2,104 |
15 years | $487 |
17 years | $3,078 |
19 years | $5,669 |
21 years | $8,260 |
23 years | $10,851 |
25 years | $13,441 |
Top Solar Installers in Somers
When going solar, many homeowners opt to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Another upside of utilizing a solar company is that they can help you make the most of your return of investment by lowering your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Somers
Factors that Affect Solar Panel Costs in Somers
For many Somers homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Somers, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
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 $3,880 per kilowatt in Somers.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Somers offer solar loans, which reduce the initial cost of installing solar panels.Even though solar loans make switching to solar energy more accessible for Somers homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a role in determining how much it costs. Somers’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 come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you want 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 | $4.04 | $16,948 | $18,123 | 12.1 years |
8 kW | $3.96 | $22,163 | $24,598 | 11.8 years |
10 kW | $3.88 | $27,160 | $31,291 | 11.6 years |
12 kW | $3.80 | $31,940 | $38,201 | 11.4 years |
14 kW | $3.72 | $36,503 | $45,328 | 11.2 years |
16 kW | $3.65 | $40,849 | $52,673 | 10.9 years |
18 kW | $3.57 | $44,977 | $60,235 | 10.7 years |
20 kW | $3.49 | $48,888 | $68,014 | 10.5 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 choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Somers, WI Solar Cost FAQs
What is the average cost of installing solar panels in Somers?
The average cost of solar panels in Somers 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably 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% with a solar installation."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.