Solar Panel Cost Guide in Two Rivers, WI (2024 Update)
- Two Rivers Solar Installation Cost: $18,639
- 25-Year Savings: $20,170
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Two Rivers
Let’s have a look at the average cost of solar in Two Rivers.
The average cost of a solar system in Two Rivers is 4 per watt.Using this figure, a typical 6.9-kW system would cost about $18,639 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of solar panels you want, your solar contractor and more.With average savings of about $18,000 on utility bills over 20 years, many homeowners in Two Rivers find investing in solar can pay off big.
Click the button below to get connected to a reputable solar panel company in your area for a customized estimate.
Solar savings over time in Two Rivers
| Year | Return on Investment |
|---|---|
| 1 years | $-17,500 |
| 3 years | $-15,223 |
| 5 years | $-12,946 |
| 7 years | $-10,668 |
| 9 years | $-8,391 |
| 11 years | $-6,114 |
| 13 years | $-3,837 |
| 15 years | $-1,560 |
| 17 years | $717 |
| 19 years | $2,994 |
| 21 years | $5,272 |
| 23 years | $7,549 |
| 25 years | $9,826 |
Top Solar Installers in Two Rivers
When going solar, many homeowners prefer to hire a solar installation company since installing a solar system yourself can be a difficult project. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy use, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you're searching for a solar installer in Two Rivers, the EcoWatch team has compiled a list of our top suggestions here:
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Two Rivers
Factors that Affect Solar Panel Costs in Two Rivers
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Two Rivers: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use 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 solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Two Rivers average.
Solar Financing Terms
Many homeowners find the average cost of solar in Two Rivers to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Two Rivers, and each can charge different amounts for labor and equipment.Larger national companies typically 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 additional services like electric vehicle 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 | $11,607 | 14.8 years |
| 8 kW | $3.96 | $22,163 | $15,910 | 14.6 years |
| 10 kW | $3.88 | $27,160 | $20,431 | 14.3 years |
| 12 kW | $3.80 | $31,940 | $25,169 | 14.0 years |
| 14 kW | $3.72 | $36,503 | $30,124 | 13.7 years |
| 16 kW | $3.65 | $40,849 | $35,297 | 13.4 years |
| 18 kW | $3.57 | $44,977 | $40,687 | 13.1 years |
| 20 kW | $3.49 | $48,888 | $46,294 | 12.8 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 selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Two Rivers, WI Solar Cost FAQs
How much does it cost to install solar panels in Two Rivers?
This is a hard question to answer precisely, because the cost depends on a few different 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 above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Two Rivers?
A solar panel system isn’t free in Two Rivers, but there are some options that can make getting them more affordable, 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 will installing solar panels impact my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Two Rivers is currently $267,194, so you can look forward to a value of about $10,955 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Two Rivers is a fruitful investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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 household 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.