Solar Panel Cost Guide in Bayside, WI (2024 Update)
- Bayside Solar Installation Cost: $18,664
- 25-Year Savings: $28,266
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Bayside
Find out what the average cost of a solar system is in Bayside.
The average cost of a solar panel system in Bayside is 4 per watt.To cover the typical energy needs of the average home in Bayside, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $18,664, or $26,690 before the federal solar tax credit of 0 is applied.
The actual price you pay can be higher or lower than the average in Bayside based on a few factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Bayside see about $23,000 in savings on utility bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Bayside
| Year | Return on Investment |
|---|---|
| 1 years | $-17,369 |
| 3 years | $-14,778 |
| 5 years | $-12,187 |
| 7 years | $-9,596 |
| 9 years | $-7,005 |
| 11 years | $-4,414 |
| 13 years | $-1,823 |
| 15 years | $768 |
| 17 years | $3,359 |
| 19 years | $5,950 |
| 21 years | $8,541 |
| 23 years | $11,132 |
| 25 years | $13,723 |
Top Solar Installers in Bayside
When switching to solar energy, many homeowners choose to go with a solar installer since installing solar panels yourself can be a time-consuming project. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for your family.
If you're looking for a solar installer in Bayside, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Bayside
Factors that Affect Solar Panel Costs in Bayside
Even though the average cost of a solar system in Bayside is $18,664, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,880. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Bayside average.
Solar Financing Terms
Many homeowners find the average cost of solar in Bayside to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Bayside is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you want 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 | $4.04 | $16,948 | $18,652 | 11.9 years |
| 8 kW | $3.96 | $22,163 | $25,303 | 11.7 years |
| 10 kW | $3.88 | $27,160 | $32,173 | 11.4 years |
| 12 kW | $3.80 | $31,940 | $39,259 | 11.2 years |
| 14 kW | $3.72 | $36,503 | $46,563 | 11.0 years |
| 16 kW | $3.65 | $40,849 | $54,083 | 10.8 years |
| 18 kW | $3.57 | $44,977 | $61,822 | 10.5 years |
| 20 kW | $3.49 | $48,888 | $69,777 | 10.3 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you’d like to get plays a part in which installer you should choose, since different companies offer different panels.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Bayside, WI Solar Cost FAQs
What is the average cost of installing solar panels in Bayside?
The average cost of solar panels in Bayside is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Bayside?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How will solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 house 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.