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

  • Menominee Solar Installation Cost: $19,924
  • 25-Year Savings: $25,330
  • Payback Period: 12.9 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 Menominee

Find out what the average cost of solar panels are in Menominee.

The national average cost of solar panels is $2.66 per watt, but in Menominee it’s 4 per watt.Using this figure, a typical 7.3-kW system would cost about $19,924 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Menominee homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $20,000 on power bills over 20 years, many homeowners in Menominee find investing in solar can pay off big.

Click the button below to get connected to a reputable solar company in your area for a personalized quote.

Solar savings over time in Menominee

Year Return on Investment
1 years $-18,675
3 years $-16,179
5 years $-13,682
7 years $-11,185
9 years $-8,688
11 years $-6,191
13 years $-3,694
15 years $-1,197
17 years $1,300
19 years $3,797
21 years $6,293
23 years $8,790
25 years $11,287

Top Solar Installers in Menominee

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of an installer can make switching to solar power much easier. Another good thing about going with a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.

There are a number of 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 Menominee

Factors that Affect Solar Panel Costs in Menominee

While the average cost of a solar system in Menominee is $19,924, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,880.The kind of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, 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 into a solar system that’s in your budget.

Solar Financing Terms

Most solar installers in Menominee offer solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating in Menominee, and each can charge varying amounts for labor and equipment.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.

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 $14,690 13.4 years
8 kW $3.96 $22,163 $20,021 13.1 years
10 kW $3.88 $27,160 $25,569 12.9 years
12 kW $3.80 $31,940 $31,335 12.6 years
14 kW $3.72 $36,503 $37,317 12.4 years
16 kW $3.65 $40,849 $43,518 12.1 years
18 kW $3.57 $44,977 $49,935 11.8 years
20 kW $3.49 $48,888 $56,570 11.6 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:

  • Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
  • Solar Panel Brands: Not all solar installers carry 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.
  • Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.

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 Menominee, WI Solar Cost FAQs

What is the average cost of installing solar panels in Menominee?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly 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 above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

What other factors should I consider in addition to cost when buying solar panels?

The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Do solar panels increase the value of your home?

Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.

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