Solar Panel Cost Guide in Twin Lakes, WI (Dec 2022)

  • Twin Lakes Solar Installation Cost: $12,704
  • 25-Year Savings: $26,019
  • Payback Period: 8.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 $3 per watt. Using this figure, a typical 7.0 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 National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 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 National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Twin Lakes, WI Solar Cost FAQs

How much does it cost to install solar panels in Twin Lakes?

This is a difficult question to answer exactly, because the cost depends on many 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Are solar panels free in Twin Lakes?

You can't get solar panels for free in Twin Lakes. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Is switching to solar power worth it?

Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home requires 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 household 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.

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