Solar Panel Cost Guide in Eagle Point, WI (2023 Update)
- Eagle Point Solar Installation Cost: $13,468
- 25-Year Savings: $23,220
- Payback Period: 9.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Eagle Point
See how much it might cost to install solar panels in Eagle Point.
The national average cost of solar panels is $2.66 per watt, but in Eagle Point it's 2.6 per watt. Because a 7.4-kW system is needed to cover the energy consumption of a typical home in Eagle Point, the average price of going solar will be about $13,468 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Eagle Point homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the large initial cost, the average Eagle Point homeowner can save around $19,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar installer in Eagle Point that can help you get a more accurate cost estimate for your home.
Solar savings over time in Eagle Point
| Year | Return on Investment |
|---|---|
| 1 years | $-12,000 |
| 3 years | $-9,065 |
| 5 years | $-6,130 |
| 7 years | $-3,195 |
| 9 years | $-260 |
| 11 years | $2,675 |
| 13 years | $5,610 |
| 15 years | $8,545 |
| 17 years | $11,480 |
| 19 years | $14,415 |
| 21 years | $17,350 |
| 23 years | $20,285 |
| 25 years | $23,220 |
Top Solar Installers in Eagle Point
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar company can make your switch to solar power much easier. Companies can also have access to quality options of the best solar panels and help you pick which one will be best for your family.
Working with a licensed solar installer 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 Point
Factors that Affect Solar Panel Costs in Eagle Point
There are several 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 installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences 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 energy needs. The type of solar equipment you choose can bring your price up or down 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. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Eagle Point average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Eagle Point homeowners decide to finance their solar panel systems to offset upfront costs. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Eagle Point, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Eagle Point are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $18,410 | 9.5 years |
| 8 kW | $2.65 | $14,851 | $24,837 | 9.4 years |
| 10 kW | $2.60 | $18,200 | $31,411 | 9.2 years |
| 12 kW | $2.55 | $21,403 | $38,130 | 9.0 years |
| 14 kW | $2.50 | $24,461 | $44,994 | 8.8 years |
| 16 kW | $2.44 | $27,373 | $52,004 | 8.6 years |
| 18 kW | $2.39 | $30,139 | $59,160 | 8.4 years |
| 20 kW | $2.34 | $32,760 | $66,461 | 8.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Eagle Point, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- 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 hire.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project timeline.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Point, WI Solar Cost FAQs
How much does it cost to install solar panels in Eagle Point?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
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% with a solar installation."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.