Solar Panel Cost Guide in Beloit, WI (2024 Update)
- Beloit Solar Installation Cost: $19,674
- 25-Year Savings: $22,417
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Beloit
Find out how much it might cost to switch to solar power in Beloit.
The national average cost of solar panels is $2.66 per watt, but in Beloit it’s 4 per watt.Since a 7.2-kW system is needed to cover the energy costs of a typical home in Beloit, the average price of going solar will be about $19,674 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy usage and what solar installer you go with.With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Beloit find going solar can be quite rewarding.
To get a free estimate from a top solar company in Beloit, you can click the button below.
Solar savings over time in Beloit
| Year | Return on Investment |
|---|---|
| 1 years | $-18,567 |
| 3 years | $-16,352 |
| 5 years | $-14,138 |
| 7 years | $-11,923 |
| 9 years | $-9,708 |
| 11 years | $-7,494 |
| 13 years | $-5,279 |
| 15 years | $-3,065 |
| 17 years | $-850 |
| 19 years | $1,365 |
| 21 years | $3,579 |
| 23 years | $5,794 |
| 25 years | $8,009 |
Top Solar Installers in Beloit
Installing solar panels by yourself can be a stressful task, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be useful as well, particularly if you aren’t sure what brand of solar equipment would be right for your home.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Beloit
Factors that Affect Solar Panel Costs in Beloit
The cost of installing a solar system in Beloit can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Beloit provide solar loans, which reduce your upfront costs of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can play a part in determining how much you pay. Beloit’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger 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 | $4.04 | $16,948 | $12,539 | 14.4 years |
| 8 kW | $3.96 | $22,163 | $17,154 | 14.1 years |
| 10 kW | $3.88 | $27,160 | $21,985 | 13.8 years |
| 12 kW | $3.80 | $31,940 | $27,034 | 13.5 years |
| 14 kW | $3.72 | $36,503 | $32,300 | 13.3 years |
| 16 kW | $3.65 | $40,849 | $37,784 | 13.0 years |
| 18 kW | $3.57 | $44,977 | $43,484 | 12.7 years |
| 20 kW | $3.49 | $48,888 | $49,402 | 12.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly influences your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 Beloit, WI Solar Cost FAQs
How much does it cost to install solar panels in Beloit?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $19,400 for a 5-kW system and $38,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Beloit?
A solar panel system isn’t free in Beloit, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Beloit is currently $167,850, so you could be looking at a value of about $6,882 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Beloit is a fruitful investment.
How long do solar panels last in Beloit?
On average, the lifespan of solar panels is 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.