Solar Panel Cost Guide in Somers, WI (Feb 2023)
- Somers Solar Installation Cost: $12,704
- 25-Year Savings: $28,069
- Payback Period: 7.8 Years
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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:
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.
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.
EcoWatch's Somers, 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.