Solar Panel Cost Guide in Two Rivers, WI (Mar 2023)
- Two Rivers Solar Installation Cost: $12,485
- 25-Year Savings: $20,174
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Two Rivers
Let's have a look at the average cost of solar panels in Two Rivers.
Although the national average of solar panels is $2.66 per watt, solar panels in Two Rivers generally cost around 2.6. The average solar panel system size in Two Rivers is around 6.9 kilowatts, meaning a cost of about $12,485 for a solar installation, or $17,854 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely look different based on your specific situation and what company you choose to go with. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Two Rivers find installing solar panels has a decent ROI.
To get a free quote from a vetted solar installer in Two Rivers, you can click the button below.
Solar savings over time in Two Rivers
| Year | Return on Investment |
|---|---|
| 1 years | $-11,179 |
| 3 years | $-8,566 |
| 5 years | $-5,953 |
| 7 years | $-3,341 |
| 9 years | $-728 |
| 11 years | $1,885 |
| 13 years | $4,498 |
| 15 years | $7,111 |
| 17 years | $9,723 |
| 19 years | $12,336 |
| 21 years | $14,949 |
| 23 years | $17,562 |
| 25 years | $20,174 |
Top Solar Installers in Two Rivers
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar company can make your switch to solar power much easier. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you'd like to start using solar energy but still aren't sure which solar company to go with, here are our recommendations for providers nearby:
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 Two Rivers
Factors that Affect Solar Panel Costs in Two Rivers
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Two Rivers: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,600. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Two Rivers, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also is within your budget.
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 | $17,198 | 9.9 years |
| 8 kW | $2.65 | $14,851 | $23,222 | 9.8 years |
| 10 kW | $2.60 | $18,200 | $29,391 | 9.6 years |
| 12 kW | $2.55 | $21,403 | $35,706 | 9.4 years |
| 14 kW | $2.50 | $24,461 | $42,167 | 9.2 years |
| 16 kW | $2.44 | $27,373 | $48,773 | 9.0 years |
| 18 kW | $2.39 | $30,139 | $55,525 | 8.8 years |
| 20 kW | $2.34 | $32,760 | $62,422 | 8.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Two Rivers, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: If you care about the durability of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.
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 Two Rivers, WI Solar Cost FAQs
How much does it cost to install solar panels in Two Rivers?
The average cost of solar panels in Two Rivers is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Two Rivers have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Two Rivers?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.