Solar Panel Cost Guide in Eagle, WI (2023 Update)
- Eagle Solar Installation Cost: $13,148
- 25-Year Savings: $27,625
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Eagle
Find out what the average cost of solar panel installation is in Eagle.
While the national average of solar panels is $2.66 per watt, solar panels in Eagle generally cost about 2.6. Using this figure, a typical 7.2-kW system would cost about $13,140 before the 30% federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Eagle depending on a few factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find going solar is a rewarding investment. The average homeowner in Eagle can save about $21,000 on their power bills over 20 years.
To get a free estimate from a top solar installer in Eagle, you can click the button below.
Solar savings over time in Eagle
| Year | Return on Investment |
|---|---|
| 1 years | $-11,853 |
| 3 years | $-9,262 |
| 5 years | $-6,671 |
| 7 years | $-4,080 |
| 9 years | $-1,489 |
| 11 years | $1,102 |
| 13 years | $3,693 |
| 15 years | $6,284 |
| 17 years | $8,875 |
| 19 years | $11,466 |
| 21 years | $14,057 |
| 23 years | $16,648 |
| 25 years | $19,239 |
Top Solar Installers in Eagle
When switching to solar energy, many homeowners choose to use a solar installer since overseeing your solar installation yourself can be a time-consuming project. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be best for your home.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Eagle
Factors that Affect Solar Panel Costs in Eagle
Although the average cost of a solar system in Eagle is $13,140, your final cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,600. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Eagle, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Eagle, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Eagle is the company you choose to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.70 | $11,357 | $22,506 | 8.4 years |
| 8 kW | $2.65 | $14,851 | $30,300 | 8.2 years |
| 10 kW | $2.60 | $18,200 | $38,239 | 8.1 years |
| 12 kW | $2.55 | $21,403 | $46,323 | 7.9 years |
| 14 kW | $2.50 | $24,461 | $54,553 | 7.7 years |
| 16 kW | $2.44 | $27,373 | $62,929 | 7.6 years |
| 18 kW | $2.39 | $30,139 | $71,450 | 7.4 years |
| 20 kW | $2.34 | $32,760 | $80,117 | 7.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a quality company.
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 Eagle, WI Solar Cost FAQs
How much does it cost to install solar panels in Eagle?
The average cost of solar panels in Eagle is about $13,000 for a 5-kW system and $26,000 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Eagle?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,128.77 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.