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

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Fox Point

Here's how much it might cost to install solar panels in Fox Point.

Although the national average of solar panels is $2.66 per watt, solar panels in Fox Point generally cost about $3. The average Fox Point homeowner needs a 6.9-kilowatt system, which would cost about $12,503, or $9,252 after the federal solar tax credit of 30% is applied.

These figures are just averages, and your own solar costs will vary based on factors unique to your home and what company you go with. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $23,000 in savings on energy bills over 20 years.

For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Fox Point

Year Return on Investment
1 years $-10,872
3 years $-7,611
5 years $-4,349
7 years $-1,087
9 years $2,175
11 years $5,437
13 years $8,699
15 years $11,960
17 years $15,222
19 years $18,484
21 years $21,746
23 years $25,008
25 years $28,270

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:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

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.

Solar Equipment

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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Fox Point, WI Solar Cost FAQs

What is the average cost of installing solar panels in Fox Point?

The average cost of solar panels in Fox Point 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 consume.

Are solar panels free in Fox Point?

Solar panels aren't free in Fox Point, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

How will installing solar panels impact the value of my home?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fox Point is currently $349,700, which means you could be looking at a value of about $14,338 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fox Point is a fruitful investment.

How long do solar panels last in Fox Point?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.

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.

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