Solar Panel Cost Guide in Bloomfield, WI (2024 Update)
- Bloomfield Solar Installation Cost: $19,570
- 25-Year Savings: $25,609
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Bloomfield
Find out what the average cost of installing solar panels is in Bloomfield.
The national average cost of solar panels is $2.66 per watt, but in Bloomfield it’s 4 per watt.To account for the typical energy usage of the average home in Bloomfield, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs about $19,570, or $27,985 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.Even with the significant upfront cost, the average Bloomfield homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To receive a free estimate from a top solar company in Bloomfield, you can click the button below.
Solar savings over time in Bloomfield
| Year | Return on Investment |
|---|---|
| 1 years | $-18,338 |
| 3 years | $-15,872 |
| 5 years | $-13,407 |
| 7 years | $-10,941 |
| 9 years | $-8,476 |
| 11 years | $-6,010 |
| 13 years | $-3,545 |
| 15 years | $-1,079 |
| 17 years | $1,387 |
| 19 years | $3,852 |
| 21 years | $6,318 |
| 23 years | $8,783 |
| 25 years | $11,249 |
Top Solar Installers in Bloomfield
When making the switch to solar, many homeowners opt to hire a solar installation company since installing a solar system yourself can be a challenging project. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your family.
Working with a licensed 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 Bloomfield
Factors that Affect Solar Panel Costs in Bloomfield
Although the average cost of a solar system in Bloomfield is $19,570, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Bloomfield, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,880 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Bloomfield, where sunlight is relatively 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
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Bloomfield is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.Companies that only sell high-quality, high-efficiency and high-price 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 decide on the company that provides the products, warranties and services you’re looking for and also fit into 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 | $15,296 | 13.1 years |
| 8 kW | $3.96 | $22,163 | $20,829 | 12.9 years |
| 10 kW | $3.88 | $27,160 | $26,580 | 12.6 years |
| 12 kW | $3.80 | $31,940 | $32,547 | 12.4 years |
| 14 kW | $3.72 | $36,503 | $38,733 | 12.1 years |
| 16 kW | $3.65 | $40,849 | $45,135 | 11.9 years |
| 18 kW | $3.57 | $44,977 | $51,754 | 11.6 years |
| 20 kW | $3.49 | $48,888 | $58,591 | 11.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should opt for, since different companies have access to different panels.
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 Bloomfield, WI Solar Cost FAQs
What is the average cost of installing solar panels in Bloomfield?
The average cost of solar panels in Bloomfield 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 type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Bloomfield?
A solar panel system isn’t free in Bloomfield, 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 help lower the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,074.79 per year.
How long do solar panels last in Bloomfield?
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 higher 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.