Solar Panel Cost Guide in Verona, WI (2023 Update)
- Verona Solar Installation Cost: $13,231
- 25-Year Savings: $27,817
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Verona
Find out what the average cost of solar panel installation is in Verona.
The national average cost of solar panels is $2.66 per watt, but in Verona it's 2.6 per watt. The average Verona homeowner needs a 7.3-kilowatt system, which would cost about $13,231 with the federal tax credit, or $18,920 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you go with. With average savings of about $21,000 on energy bills over 20 years, many homeowners in Verona find investing in solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Verona for a quote for your home.
Solar savings over time in Verona
| Year | Return on Investment |
|---|---|
| 1 years | $-11,589 |
| 3 years | $-8,306 |
| 5 years | $-5,022 |
| 7 years | $-1,738 |
| 9 years | $1,546 |
| 11 years | $4,830 |
| 13 years | $8,114 |
| 15 years | $11,398 |
| 17 years | $14,681 |
| 19 years | $17,965 |
| 21 years | $21,249 |
| 23 years | $24,533 |
| 25 years | $27,817 |
Top Solar Installers in Verona
Although you can install solar panels yourself, it requires extra effort and handiness. That's why the majority of homeowners choose to hire a solar panel installer. The expertise that solar companies offer can be useful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you're looking for a solar installer in Verona, the EcoWatch team has put together a list of our top suggestions here:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Verona
Factors that Affect Solar Panel Costs in Verona
For many Verona homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Verona, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,600. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Verona, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Verona homeowners decide to finance their solar panel systems to make going solar more affordable. It's a good idea to add 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, 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 | $2.70 | $11,357 | $22,501 | 8.4 years |
| 8 kW | $2.65 | $14,851 | $30,293 | 8.2 years |
| 10 kW | $2.60 | $18,200 | $38,230 | 8.1 years |
| 12 kW | $2.55 | $21,403 | $46,313 | 7.9 years |
| 14 kW | $2.50 | $24,461 | $54,542 | 7.7 years |
| 16 kW | $2.44 | $27,373 | $62,916 | 7.6 years |
| 18 kW | $2.39 | $30,139 | $71,435 | 7.4 years |
| 20 kW | $2.34 | $32,760 | $80,101 | 7.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Warranty: If you care about the durability of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Verona, WI Solar Cost FAQs
How much does it cost to install solar panels in Verona?
The average cost of solar panels in Verona is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Verona is currently $359,000, so you can expect a value of about $14,719 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Verona is a worthwhile investment.
How long do solar panels last in Verona?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.