Solar Panel Cost Guide in Somers, WI (2023 Update)
- Somers Solar Installation Cost: $12,704
- 25-Year Savings: $28,069
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Somers
Find out what the average cost of solar panel installation is in Somers.
The national average cost of solar panels is $2.66 per watt, but in Somers it's 2.6 per watt. To cover the typical energy usage of the average home in Somers, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,704, or $18,167 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar system you want, your solar contractor and more. With average savings of about $22,000 on utility bills over 20 years, many homeowners in Somers find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Somers
| Year | Return on Investment |
|---|---|
| 1 years | $-11,073 |
| 3 years | $-7,811 |
| 5 years | $-4,549 |
| 7 years | $-1,287 |
| 9 years | $1,975 |
| 11 years | $5,237 |
| 13 years | $8,498 |
| 15 years | $11,760 |
| 17 years | $15,022 |
| 19 years | $18,284 |
| 21 years | $21,546 |
| 23 years | $24,808 |
| 25 years | $28,069 |
Top Solar Installers in Somers
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using an installer can make switching to solar power much easier. Another advantage of going with a solar company is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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
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 several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,600. The brand and type 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 are often more expensive 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 add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. Although solar loans make adopting solar energy more accessible for Somers homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Somers, and each can charge varying amounts for labor and equipment. Additionally, some companies in Somers are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $2.70 | $11,357 | $23,714 | 8.1 years |
| 8 kW | $2.65 | $14,851 | $31,910 | 7.9 years |
| 10 kW | $2.60 | $18,200 | $40,251 | 7.8 years |
| 12 kW | $2.55 | $21,403 | $48,738 | 7.6 years |
| 14 kW | $2.50 | $24,461 | $57,370 | 7.5 years |
| 16 kW | $2.44 | $27,373 | $66,149 | 7.3 years |
| 18 kW | $2.39 | $30,139 | $75,072 | 7.2 years |
| 20 kW | $2.34 | $32,760 | $84,142 | 7.0 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Review the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should opt for, since different companies have access to different panels.
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?
The average cost of solar panels in Somers is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Somers?
You can't get solar panels for free in Somers. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Somers?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Somers?
On average, solar panels can last 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.