Solar Panel Cost Guide in Medford, WI (2024 Update)

  • Medford Solar Installation Cost: $20,116
  • 25-Year Savings: $24,790
  • Payback Period: 13.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Medford

See how much it might cost to go solar in Medford.

The average cost of solar panels in Medford is 4 per watt.The average Medford homeowner needs a 7.4-kilowatt system, which would cost about $20,116 with the federal tax credit, or $28,766 before the 0 tax credit is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.With average savings of about $20,000 on energy bills over 20 years, many homeowners in Medford find installing solar panels can pay off big.

You can click the button below to get connected with a vetted solar company in Medford that can help you get a more accurate cost estimate for your home.

Solar savings over time in Medford

Year Return on Investment
1 years $-19,012
3 years $-16,803
5 years $-14,595
7 years $-12,386
9 years $-10,178
11 years $-7,969
13 years $-5,760
15 years $-3,552
17 years $-1,343
19 years $865
21 years $3,074
23 years $5,282
25 years $7,491

Top Solar Installers in Medford

When going solar, many homeowners prefer to use a solar installer since installing solar panels yourself can be a difficult project. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • 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

★★★★★
4.0

  • 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 Medford

Factors that Affect Solar Panel Costs in Medford

Even though the average cost of a solar system in Medford is $20,116, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,880.The type of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

Most solar companies in Medford provide solar loans, which reduce your upfront costs of installing a solar system.Although solar loans make going solar more accessible for Medford homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you get to install your solar panels can impact the cost. Medford’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Medford have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.

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 $14,054 13.7 years
8 kW $3.96 $22,163 $19,174 13.4 years
10 kW $3.88 $27,160 $24,511 13.1 years
12 kW $3.80 $31,940 $30,064 12.9 years
14 kW $3.72 $36,503 $35,836 12.6 years
16 kW $3.65 $40,849 $41,824 12.4 years
18 kW $3.57 $44,977 $48,030 12.1 years
20 kW $3.49 $48,888 $54,453 11.8 years

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • 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 done and how long it will take.
  • Warranty: If you care about the endurance of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • 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

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Medford, WI Solar Cost FAQs

How much does it cost to install solar panels in Medford?

The average cost of solar panels in Medford is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration when buying solar panels?

Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can you sell solar power back to the grid in Medford?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.

How long do solar panels last in Medford?

On average, solar panels can last 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.

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