Solar Panel Cost Guide in Hobart, WI (2024 Update)
- Hobart Solar Installation Cost: $18,890
- 25-Year Savings: $24,896
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Hobart
Let’s have a look at the average cost of solar in Hobart.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hobart, the average cost of solar panels is 4 per watt.Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Hobart, the average price of going solar will be about $18,890 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what installation company you go with.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.
Click the button below to get connected to a highly rated solar panel company in your area for a custom quote.
Solar savings over time in Hobart
| Year | Return on Investment |
|---|---|
| 1 years | $-17,647 |
| 3 years | $-15,160 |
| 5 years | $-12,674 |
| 7 years | $-10,187 |
| 9 years | $-7,701 |
| 11 years | $-5,215 |
| 13 years | $-2,728 |
| 15 years | $-242 |
| 17 years | $2,244 |
| 19 years | $4,731 |
| 21 years | $7,217 |
| 23 years | $9,703 |
| 25 years | $12,190 |
Top Solar Installers in Hobart
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be a labor-intensive endeavor. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for you.
If you're on the hunt for a solar company in Hobart, the EcoWatch team has 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 Hobart
Factors that Affect Solar Panel Costs in Hobart
For many Hobart homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Hobart, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Hobart, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,880 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Hobart, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. 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 too expensive, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over five to seven years on average.It’s a good idea to factor 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a part in determining how much you pay. Hobart’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,450 | 13.1 years |
| 8 kW | $3.96 | $22,163 | $21,034 | 12.8 years |
| 10 kW | $3.88 | $27,160 | $26,836 | 12.6 years |
| 12 kW | $3.80 | $31,940 | $32,855 | 12.3 years |
| 14 kW | $3.72 | $36,503 | $39,091 | 12.1 years |
| 16 kW | $3.65 | $40,849 | $45,545 | 11.8 years |
| 18 kW | $3.57 | $44,977 | $52,216 | 11.6 years |
| 20 kW | $3.49 | $48,888 | $59,104 | 11.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The kind of solar panel you want plays a part in which company you should go with, since different companies provide different panels.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Hobart, WI Solar Cost FAQs
What is the average cost of installing solar panels in Hobart?
This is a tough question to answer precisely, 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
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 $1,079.92 per year.
How many solar panels should I get to power 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 usually produce about 250 to 400 watt-hours per hour, the average home 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.