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 national average cost of solar panels is $2.66 per watt, but in Somers it’s 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.
How much you pay can be higher or lower than the average in Somers based on several factors, such as the model of solar panels you choose and the solar company you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $22,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
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
Many homeowners decide to use a solar panel company since trying to put up solar panels by yourself can be a lot of work. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Somers
Factors that Affect Solar Panel Costs in Somers
The cost of installing a solar system in Somers can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,880. The model of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Somers homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your total costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 Somers, WI Solar Cost FAQs
How much does it cost to install solar panels in Somers?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Somers is currently $321,191, so you can expect a value of about $13,169 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Somers is a fruitful investment.
How long do solar panels last in Somers?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.