Solar Panel Cost Guide in Tichigan, WI (2024 Update)
- Tichigan Solar Installation Cost: $18,973
- 25-Year Savings: $28,059
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Tichigan
Find out what the average cost of solar panel installation is in Tichigan.
Although the national average of solar panels is $2.66 per watt, solar panels in Tichigan generally cost about 4.Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Tichigan, the average price of going solar will be about $18,973 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you will differ based on your specific situation and what company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Tichigan can save about $22,000 on their electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Tichigan
| Year | Return on Investment |
|---|---|
| 1 years | $-17,678 |
| 3 years | $-15,087 |
| 5 years | $-12,496 |
| 7 years | $-9,905 |
| 9 years | $-7,314 |
| 11 years | $-4,723 |
| 13 years | $-2,132 |
| 15 years | $459 |
| 17 years | $3,050 |
| 19 years | $5,641 |
| 21 years | $8,232 |
| 23 years | $10,823 |
| 25 years | $13,414 |
Top Solar Installers in Tichigan
Installing solar panels yourself can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be best for your family.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers in Tichigan:
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 Tichigan
Factors that Affect Solar Panel Costs in Tichigan
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about 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 falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Tichigan, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your all-in costs, so it’s important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Tichigan, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $18,072 | 12.1 years |
| 8 kW | $3.96 | $22,163 | $24,531 | 11.9 years |
| 10 kW | $3.88 | $27,160 | $31,206 | 11.6 years |
| 12 kW | $3.80 | $31,940 | $38,099 | 11.4 years |
| 14 kW | $3.72 | $36,503 | $45,210 | 11.2 years |
| 16 kW | $3.65 | $40,849 | $52,538 | 10.9 years |
| 18 kW | $3.57 | $44,977 | $60,082 | 10.7 years |
| 20 kW | $3.49 | $48,888 | $67,845 | 10.5 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 decide on the right company for you, here are some tips to keep in mind:
- 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 large role in the company you opt for.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Tichigan, WI Solar Cost FAQs
How much does it cost to install solar panels in Tichigan?
This is a difficult 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Tichigan?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Tichigan?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.