Solar Panel Cost Guide in Stevens Point, WI (2025 Update)
- Stevens Point Solar Installation Cost: $19,891
- 25-Year Savings: $23,625
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Stevens Point
Let’s have a look at the average cost of solar in Stevens Point.
In Stevens Point, solar panels cost about 4 per watt on average.Using this figure, a typical 7.3-kW system would cost about $19,891 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with.With average savings of about $19,000 on utility bills over 20 years, many homeowners in Stevens Point find installing solar panels can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Stevens Point
| Year | Return on Investment |
|---|---|
| 1 years | $-18,913 |
| 3 years | $-16,956 |
| 5 years | $-15,000 |
| 7 years | $-13,043 |
| 9 years | $-11,087 |
| 11 years | $-9,131 |
| 13 years | $-7,174 |
| 15 years | $-5,218 |
| 17 years | $-3,261 |
| 19 years | $-1,305 |
| 21 years | $652 |
| 23 years | $2,608 |
| 25 years | $4,565 |
Top Solar Installers in Stevens Point
Many homeowners decide to hire a solar installation company since trying to put up solar panels yourself can be time-consuming. Some solar companies, particularly local ones, can help you take advantage of incentives in Stevens Point, therefore optimizing your ROI.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Stevens Point
Factors that Affect Solar Panel Costs in Stevens Point
There are many factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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
Many homeowners find the average cost of solar in Stevens Point to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Stevens Point, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $4.04 | $16,948 | $13,327 | 14.0 years |
| 8 kW | $3.96 | $22,163 | $18,204 | 13.7 years |
| 10 kW | $3.88 | $27,160 | $23,298 | 13.5 years |
| 12 kW | $3.80 | $31,940 | $28,609 | 13.2 years |
| 14 kW | $3.72 | $36,503 | $34,138 | 12.9 years |
| 16 kW | $3.65 | $40,849 | $39,884 | 12.6 years |
| 18 kW | $3.57 | $44,977 | $45,847 | 12.4 years |
| 20 kW | $3.49 | $48,888 | $52,027 | 12.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: If you’re concerned about the endurance of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: The brand of solar panel you need to get plays a role in which company you should go with, since different companies have different panels.
- 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 likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
EcoWatch's Stevens Point, WI Solar Cost FAQs
What is the average cost of installing solar panels in Stevens Point?
This is a difficult question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, 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 Stevens Point?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Stevens Point, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.