Solar Panels Cost 5.3k-15k in Mequon, WI | October, 2024

Solar Panels Cost $5.3k-$15k in Mequon, WI | October, 2024

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How much do solar panels cost in Mequon, WI in 2024?

You will pay $3.79/W to get solar panels in October, 2024 in Mequon, WI.

Stemming from this price, you can conclude that for every 1000 watts (1 kW) your panels can generate you will need to invest $3,790 to get your solar panels installed. After receiving the 30% federal tax credit, you can expect to pay about $13,265, in Mequon, for a 5 kW solar installation. However, it’s vital to take into account that a larger system might be needed to adequately cover your energy consumption.

To your left, you have the option to select your county and find the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Displayed below is an analysis of the price, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Mequon: $13,265US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Mequon: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Mequon: $9,687US Average: $15,784

Solar Potential in Mequon

Estimated system size and solar electricity production per median viable roof in
Mequon.

Roof size 822sq. ft.
Capacity 11.5kW DC
Electricity 13.1kkWh AC per yr.

Electricity Costs in Mequon, WI & What that Means for Your Solar Panel Pricing

In Mequon, the average electric bill is $119.32 per month, and residents use 626 kWh. Apartments and compact living spaces with reduced energy consumption are taken into account in this figure.

Mequon, WI's electricity rate is on average 19.07¢ per kWh in October 2024.

If you use a typical amount of electricity in Mequon, you'll need a solar panel system of 6 kW or higher to fully cover your full electricity usage demands. Currently, a 6 kW solar installation is priced at around $15,918 after incentives.

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Average solar panel costs by system size in Mequon

Presented below and to the left, you can find a thorough price breakdown for different solar panel system sizes set up in Mequon. The more extensive the solar array, the higher the initial expense, but also the more substantial electricity savings and income tax credits you'll get.

The solar panel cost calculator below and to the right details costs and benefits, considering an average $119.32 electric bill in Mequon Change the $119.32 to your usual electricity bill payment for more accurate results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $543 a year
Est. Price
$5,306
Savings from a 2kWthis system
  • Est. yearly production 2,859 kWh
  • Est. monthly savings $45
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.27 tons a year
  • Equivalent to planting 104 trees a year
  • Equivalent to driving 5,614 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $815 a year
Est. Price
$7,959
Savings from a 3kWthis system
  • Est. yearly production 4,288 kWh
  • Est. monthly savings $68
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.4 tons a year
  • Equivalent to planting 156 trees a year
  • Equivalent to driving 8,422 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,086 a year
Est. Price
$10,612
Savings from a 4kWthis system
  • Est. yearly production 5,718 kWh
  • Est. monthly savings $91
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 4.54 tons a year
  • Equivalent to planting 208 trees a year
  • Equivalent to driving 11,229 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,358 a year
Est. Price
$13,265
Savings from a 5kWthis system
  • Est. yearly production 7,147 kWh
  • Est. monthly savings $113
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 5.67 tons a year
  • Equivalent to planting 260 trees a year
  • Equivalent to driving 14,036 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,629 a year
Est. Price
$15,918
Savings from a 6kWthis system
  • Est. yearly production 8,576 kWh
  • Est. monthly savings $119
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 5.96 tons a year
  • Equivalent to planting 274 trees a year
  • Equivalent to driving 14,760 mi less a year

Mequon Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant is designed to assist rural farmlands and small businesses by covering 80% to 100% of the costs associated with solar or wind turbine installations. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.

For those looking into residential solar, the 30% federal income tax credit is offered to nearly everyone, which makes solar a practical option in many states. Moreover, there are many state and local incentives to further push for the adoption of solar energy.

A variety of utilities and governmental organizations in Wisconsin provide 12 solar rebate and incentive programs.

Solar incentives in WI

Renewable Energy Competitive Incentive Program

Value:Up to $500,000

Through Wisconsin's Focus on Energy program, nonprofits and public-sector agencies may receive grants to fund large-scale renewable energy investments. The current grant amount is variable per kilowatt hour for power generation or per kBTU for thermal systems. There are two requests for proposals (RFPs) opened annually. Organizations must include the technical specifications for their planned equipment, estimated energy/cost savings, and a suggested funding amount based on rate schedule guidelines. Additional information is available from the Focus on Energy website.

Design Assistance Program

Value:Up to $0.15

Through Wisconsin's Focus on Energy program, architects, building engineers, contractors, and property owners may be incentivized for meeting green construction standards. Qualifying projects include walls, lighting, windows/doors, insulation/weatherization, HVAC, water heating, and new renewable energy equipment. Awards are paid on a per-property basis; any home, business, or industrial facility may qualify. The current rebate amount is based on energy efficiency at a rate per kilowatt hour saved. Builders will receive a rebate during construction; property owners will receive their smaller rebate after construction is complete.

Renewable Rewards Program

Value:Up to $1,000

Wisconsin homeowners may be eligible for rebates on new solar PV/thermal and geothermal devices. For solar panels, the current rebate stands at $500 per array. Business customers are eligible for similar incentives but will be paid a capacity-based rebate. The maximum possible rebate is currently $1,000 for homes and $50,000 for businesses. Additional information is available from the Focus on Energy website.

Renewable Energy Sales Tax Exemptions

Value:Varies

Wisconsin sales/use tax exemptions apply to biofuel for residential energy production. Qualifying purchases include some agricultural crops, landfill gas, pellets, and wood chips/pellets/sawdust. Components used to store biofuels are not eligible for the exemption. Interested customers should submit a completed form S-211 to their retailer, who will apply for the exemption and offer a discount. Additional information and the necessary paperwork are available from the state Department of Revenue.

Net Metering

Value:Varies

In Wisconsin, all private and local public electrical utilities are required to offer net metering to their interconnected renewable customers up to a maximum quota. Cooperatives may participate in net metering, but they are not required to offer it. Any system up to 300 kW is eligible. Upon entering a net metering contract, the customer's utility will install a bidirectional meter to measure net excess generation (NEG) sent back to the grid. Customers will receive either monthly or annual bill credits for the NEG they export at a fixed, avoided-cost rate. Fees and capacity limits may apply. The Public Service Commission reserves the right to alter any net metering or energy tariff program.

Renewable Portfolio Standard

Value:Varies

Wisconsin first established a renewable portfolio standard in 1999. Initial goals required at least 10% of the state's retail electricity to be generated using renewable technology. New specific goals have never been implemented, but utilities are nonetheless obligated to increase their renewable energy activities at a rate of 6% per year. Carve-out provisions apply to keep most renewable investments within state lines. Compliance is measured using renewable energy credit (REC) and renewable resource credit (RRC) systems pegging one megawatt hour of electricity to a fluctuating dollar value. Utilities may generate credits through the use of their own renewable installations or purchase them through tariff arrangements and power purchase agreements. Each credit expires after four years of use.

Focus on Energy - Business & Marketing Grant

Value:Varies

Focus on Energy grant funding is available for Wisconsin businesses making new renewable energy investments or energy efficiency improvements. The maximum available grant is $10,000 to fund half of project costs. Eligible projects include new solar, wind, or biomass energy systems not involved in academic or corporate research and development. Grants may also support professional training and marketing initiatives. To apply, the business should be located in a participating utility's service area and submit a successful proposal. Additional information is available from the Focus on Energy website.

Energy Innovation Grant Program

Value:Varies

Wisconsin Energy Innovation grants are available to local governments, public schools, and manufacturing businesses making renewable energy investments or energy efficiency improvements. The Public Service Commission keeps an annual grant budget of roughly $5 million to award in proportion. Grants can fund new generation/energy storage equipment, sustainable transportation, and engineering reviews/project studies. Application periods, known as requests for proposals, are opened annually. Additional information is available on the Public Service Commission's website.

Interconnection Standards

Value:Varies

Distributed generation and grid interconnection practices have been standardized in Wisconsin since 2004. Each new solar, wind, or other renewable energy system is sorted into one of four regulatory "categories" based on capacity. Category 1 ends at 20 kW, Category 2 at 200 kW, and Category 3 at one megawatt. The category of a system will determine the UL/IEEE standards it must follow and the rigor of its permitting process, including application fees and review turnaround time. The state requires all system owners, even of Category 1 systems, to hold minimum liability insurance coverage of more than $300,000 per occurrence. Utilities may further require the installation of external disconnect switches, but may not charge additional fees or require additional regulatory reviews beyond what is necessary. Additional information is available from the Wisconsin Public Service Commission.

Public Benefits Fund

Value:Varies

In 1999, the Wisconsin legislature first established a public benefits fund for renewable energy and energy efficiency among low-income residents. The fund's day-to-day business is managed by a public/private partnership between Focus on Energy and the Department of Administration. Current fund initiatives support incentives, loans, and grants to home and business owners. Funding is sourced through both consumer surcharges and mandatory utility "buy-ins." Additional information is available from the Focus on Energy website.

Energy Efficiency and Green Building Standards for State Buildings

Value:Varies

Public buildings in Wisconsin are subject to sustainability and green construction standards set by the state's Department of Administration. Standards apply to new and existing buildings. New buildings must demonstrate energy efficiency of at least 30% above the state's commercial building codes, themselves based on LEED standards. Remodeling projects in existing facilities should procure only those building materials and appliances which have earned ENERGY STAR certification or which meet EPA/ASHRAE standards. Additional information, including compliance reports, is available from the Department of Administration.

Focus on Energy Program

Value:Varies

Wisconsin Focus on Energy (FoE) is a public benefits fund providing a central management infrastructure for energy efficiency and renewable energy incentive and financing programs. Utilities may tap from the fund to support loans, grants, rebates, and educational initiatives. Funding is supported through customer surcharges and mandatory utility "buy-ins." Additional information is available from the FoE website.

Are solar panels worth it in Wisconsin?

If you foresee living in your home longer than the solar system's payback period, adding solar panels is an obvious decision in Mequon. In Mequon, WI, the installation of a 5 kW solar system can save you an average of $15,371.8 over 20 years, with an average break even point of 9 years.

The cost of not having solar panels in Mequon, WI

The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be completely reliant on your electric utility for power. As shown by recent news stories, complete dependence on your utility company isn't always ideal.

Each year, customers in Mequon have encountered approximately 0.83 utility outages.Annually, customers in Mequon have experienced approximately 0.83 utility outages. On average, an outage lasts 114.75 minutes. When major events such as construction accidents, equipment failure or winter storms occur, these durations can increase significantly

A solar panel system could reduce the inconvenience of future outages, even if it is without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Ozaukee County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Mequon, WI?

Your Energy Needs - The cost per watt declines with larger solar panel systems, even if the upfront cost is higher. Many consumers realize it's a smart idea to install a solar system that can produce enough power to offset their electric bill, because it helps them reduce costs.

Make & Model - Just like other products, solar panels and mounting equipment come in a wide variety of makes and models. Choosing an installer with certain system preferences means it's even more necessary essential to go with a reputable company. The use of high-quality makes and models can significantly improve the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have emerged as the industry standard, and rightly so. They are more expensive but generate more energy. Most professionals in solar installation work with panels constructed from this material.

Your Property - Challenges like trees, uneven ground, or other considerations can increase the difficulty of installing solar panels. Today, most solar installers can assess your home with satellite images and include these elements in the preliminary cost estimate.

Labor Rates - Companies compensate their employees in varied amounts, and these costs are passed down to consumers. Higher wages frequently lead to businesses getting better reviews for their services and customer service.

Permitting & Interconnection - Your final installation price will be influenced by the permitting and utility interconnection fees, which differ by area. Quality local installers will include these figures in your preliminary estimates to guarantee transparency.

See what solar panels cost in other WI cities

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Who are the best solar installers in Mequon?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Endries Solar & Electric

Sheboygan, WI(920) 889-8955

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Generac

Waukesha, WI(888) 436-3722

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

ConEdison Solutions

Valhalla CDP, NY(914) 286-7000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

Bright Skies

Pleasant Grove, UT(608) 293-1163

Services

  • Reparation of batteries.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Olson Solar Energy

Onalaska, WI(608) 780-2347

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Current Electric

Wauwatosa, WI(262) 214-5598

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

DT Solar

(888) 984-6786

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Mequon, WI Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Mequon, WI is $3.79/W. A 5 kW solar panel system will cost you around $13,265 in Mequon, WI after the federal tax credit is applied.
  • At present, there are 12 rebates and incentives available to Wisconsin residents from various utility and government programs. On top of that, most individuals are eligible for the 30% federal income tax credit.
  • Paying cash offers the highest savings, but there are now numerous financing options for solar panels that are also cost-effective. Installers typically partner with financing companies and will include this information into your initial quotes.
  • Yes, in Mequon, WI, the average time for 5 kW solar panel systems to pay for themselves is 9 years, leading to electricity savings of $15,371.8 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01