Solar Panel Cost Guide in Twin Lakes, WI (Mar 2023)
- Twin Lakes Solar Installation Cost: $12,704
- 25-Year Savings: $26,019
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Twin Lakes
We go over average solar pricing in Twin Lakes.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Twin Lakes, the average cost of solar panels is 2.6 per watt. Using this figure, a typical 7.0-kW system would cost about $12,704 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Twin Lakes homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the high upfront cost, the average Twin Lakes homeowner can save around $21,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar panel company in Twin Lakes for a customized quote.
Solar savings over time in Twin Lakes
| Year | Return on Investment |
|---|---|
| 1 years | $-11,155 |
| 3 years | $-8,057 |
| 5 years | $-4,959 |
| 7 years | $-1,861 |
| 9 years | $1,237 |
| 11 years | $4,335 |
| 13 years | $7,432 |
| 15 years | $10,530 |
| 17 years | $13,628 |
| 19 years | $16,726 |
| 21 years | $19,824 |
| 23 years | $22,922 |
| 25 years | $26,019 |
Top Solar Installers in Twin Lakes
When switching to solar energy, many homeowners opt to go with a solar company since overseeing your solar installation yourself can be a difficult project. Plus, if you'd like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Twin Lakes
Factors that Affect Solar Panel Costs in Twin Lakes
There are a number of criteria that can affect your total 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,600 per kilowatt in Twin Lakes. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Twin Lakes, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 Twin Lakes to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. However, the interest on solar loans also adds to your overall costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Twin Lakes is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $21,950 | 8.5 years |
| 8 kW | $2.65 | $14,851 | $29,558 | 8.4 years |
| 10 kW | $2.60 | $18,200 | $37,312 | 8.2 years |
| 12 kW | $2.55 | $21,403 | $45,211 | 8.0 years |
| 14 kW | $2.50 | $24,461 | $53,256 | 7.9 years |
| 16 kW | $2.44 | $27,373 | $61,446 | 7.7 years |
| 18 kW | $2.39 | $30,139 | $69,782 | 7.5 years |
| 20 kW | $2.34 | $32,760 | $78,264 | 7.4 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should go with, since different companies have access to different panels.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Twin Lakes, WI Solar Cost FAQs
What is the average cost of installing solar panels in Twin Lakes?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Twin Lakes?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Twin Lakes?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.