Solar Panel Cost Guide in Fox Point, WI (Jan 2023)
- Fox Point Solar Installation Cost: $12,503
- 25-Year Savings: $28,270
- Payback Period: 7.7 Years
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Top Solar Installers in Fox Point
Although you can install solar panels yourself, it requires extra energy and knowledge. That's why almost all homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be useful as well, especially if you aren't sure what brand of solar equipment you need.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Fox Point
Factors that Affect Solar Panel Costs in Fox Point
The cost of installing a solar system in Fox Point can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
When it comes to estimating the price of a solar energy system in Fox Point, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,600 for each additional kilowatt you need. The 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 energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Fox Point average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your total costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Fox Point is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Fox Point are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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||$24,270||8.0 years|
|8 kW||$2.65||$14,851||$32,652||7.8 years|
|10 kW||$2.60||$18,200||$41,179||7.7 years|
|12 kW||$2.55||$21,403||$49,851||7.5 years|
|14 kW||$2.50||$24,461||$58,669||7.4 years|
|16 kW||$2.44||$27,373||$67,633||7.2 years|
|18 kW||$2.39||$30,139||$76,743||7.0 years|
|20 kW||$2.34||$32,760||$85,998||6.9 years|
How to Save on Solar Panels
There are a large number of companies to choose from in Fox 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:
- Installation Process: When making the switch to solar, it's necessary to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
EcoWatch's Fox Point, WI Solar Cost FAQs
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.