Solar Panel Cost Guide in Stanley, WI (2023 Update)
- Stanley Solar Installation Cost: $13,432
- 25-Year Savings: $23,602
- Payback Period: 9.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Stanley
See how much it might cost to install solar panels in Stanley.
The average cost of a solar system in Stanley is 2.6 per watt. To cover the typical energy usage of the average home in Stanley, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $13,432, or $19,208 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Stanley homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $19,000 on power bills over 20 years, many homeowners in Stanley find installing solar panels has a decent ROI.
To get a free estimate from a vetted solar installer in Stanley, you can click the button below.
Solar savings over time in Stanley
| Year | Return on Investment |
|---|---|
| 1 years | $-11,950 |
| 3 years | $-8,988 |
| 5 years | $-6,025 |
| 7 years | $-3,062 |
| 9 years | $-99 |
| 11 years | $2,863 |
| 13 years | $5,826 |
| 15 years | $8,789 |
| 17 years | $11,751 |
| 19 years | $14,714 |
| 21 years | $17,677 |
| 23 years | $20,639 |
| 25 years | $23,602 |
Top Solar Installers in Stanley
Trying to install solar panels by yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
If you're looking for a solar company in Stanley, we've organized a list of our top suggestions here:
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 Stanley
Factors that Affect Solar Panel Costs in Stanley
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Stanley, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Stanley to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Stanley, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $2.70 | $11,357 | $18,762 | 9.4 years |
| 8 kW | $2.65 | $14,851 | $25,307 | 9.2 years |
| 10 kW | $2.60 | $18,200 | $31,998 | 9.1 years |
| 12 kW | $2.55 | $21,403 | $38,834 | 8.9 years |
| 14 kW | $2.50 | $24,461 | $45,816 | 8.7 years |
| 16 kW | $2.44 | $27,373 | $52,944 | 8.5 years |
| 18 kW | $2.39 | $30,139 | $60,217 | 8.3 years |
| 20 kW | $2.34 | $32,760 | $67,636 | 8.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on 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:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which company you should opt for, since different companies provide different panels.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
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 Stanley, WI Solar Cost FAQs
How much does it cost to install solar panels in Stanley?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Stanley?
Leasing solar panels can be an option if you can't 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 home 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 bang for your buck from going solar.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Stanley, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.