Solar Panel Cost Guide in Fox Point, WI (2024 Update)
- Fox Point Solar Installation Cost: $18,650
- 25-Year Savings: $28,276
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Fox Point
Find out how much it might cost to go solar in Fox Point.
The average cost of a solar system in Fox Point is 4 per watt.Using this figure, a typical 6.9-kW system would cost about $18,650 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more.With typical savings of about $23,000 on power bills over 20 years, many homeowners in Fox Point find investing in solar can pay off big.
To get a free quote from a top solar company in Fox Point, you can click the button below.
Solar savings over time in Fox Point
| Year | Return on Investment |
|---|---|
| 1 years | $-17,354 |
| 3 years | $-14,763 |
| 5 years | $-12,172 |
| 7 years | $-9,581 |
| 9 years | $-6,990 |
| 11 years | $-4,399 |
| 13 years | $-1,808 |
| 15 years | $783 |
| 17 years | $3,374 |
| 19 years | $5,965 |
| 21 years | $8,556 |
| 23 years | $11,147 |
| 25 years | $13,738 |
Top Solar Installers in Fox Point
Although you can install solar panels on your own, it involves extra time and knowledge. Because of that, most people choose to go with a solar panel installer. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Fox Point
Factors that Affect Solar Panel Costs in Fox Point
For many Fox Point homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Fox Point, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require 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.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Fox Point, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Most solar installers in Fox Point offer solar loans, which reduce your upfront costs of installing solar.Though solar loans make adopting solar energy more accessible for Fox Point homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Fox Point is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that provide a range of services at different costs.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $18,679 | 11.9 years |
| 8 kW | $3.96 | $22,163 | $25,340 | 11.7 years |
| 10 kW | $3.88 | $27,160 | $32,219 | 11.4 years |
| 12 kW | $3.80 | $31,940 | $39,314 | 11.2 years |
| 14 kW | $3.72 | $36,503 | $46,627 | 11.0 years |
| 16 kW | $3.65 | $40,849 | $54,157 | 10.7 years |
| 18 kW | $3.57 | $44,977 | $61,905 | 10.5 years |
| 20 kW | $3.49 | $48,888 | $69,870 | 10.3 years |
How to Save on Solar Panels
There are a large number of companies available in Fox Point, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Fox Point, WI Solar Cost FAQs
How much does it cost to install solar panels in Fox Point?
The average cost of solar panels in Fox Point is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Solar panels can increase your property’s value considerably 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% after installing solar panels."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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 buy between 20 and 35 panels to cover 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.