Solar Panel Cost Guide in Stanley, WI (2024 Update)
- Stanley Solar Installation Cost: $20,037
- 25-Year Savings: $23,607
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Stanley
See how much it might cost to make the switch to solar in Stanley.
In Stanley, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in Stanley, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $20,037, or $28,653 before the federal solar tax credit of 0 is applied.
The true cost of your system can go higher or lower than the average in Stanley depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a sound investment. The average homeowner in Stanley can save around $19,000 on their energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Stanley
| Year | Return on Investment |
|---|---|
| 1 years | $-18,933 |
| 3 years | $-16,724 |
| 5 years | $-14,516 |
| 7 years | $-12,307 |
| 9 years | $-10,099 |
| 11 years | $-7,890 |
| 13 years | $-5,682 |
| 15 years | $-3,473 |
| 17 years | $-1,265 |
| 19 years | $944 |
| 21 years | $3,152 |
| 23 years | $5,361 |
| 25 years | $7,569 |
Top Solar Installers in Stanley
Trying to put up solar panels yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Stanley
Factors that Affect Solar Panel Costs in Stanley
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Stanley: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $13,171 | 14.1 years |
| 8 kW | $3.96 | $22,163 | $17,996 | 13.8 years |
| 10 kW | $3.88 | $27,160 | $23,038 | 13.5 years |
| 12 kW | $3.80 | $31,940 | $28,297 | 13.3 years |
| 14 kW | $3.72 | $36,503 | $33,774 | 13.0 years |
| 16 kW | $3.65 | $40,849 | $39,468 | 12.7 years |
| 18 kW | $3.57 | $44,977 | $45,379 | 12.4 years |
| 20 kW | $3.49 | $48,888 | $51,508 | 12.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, completion timeline rebates and warranties.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Stanley, WI Solar Cost FAQs
What is the average cost of installing solar panels in Stanley?
The average cost of solar panels in Stanley 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Stanley?
You can’t get solar panels for free in Stanley. 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 prefer to own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Solar panels can increase your home value remarkably 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% after installing a solar system."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.