Solar Panels Cost 5.5k-16k in Fox Point, WI | November, 2024

Solar Panels Cost $5.5k-$16k in Fox Point, WI | November, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Fox Point, WI in 2024?

Solar panel installations in Fox Point, WI during November, 2024 average out to $3.98 per watt.

Utilizing the price per watt, you are able to conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,980 for installation. In Fox Point, the cost of a 5 kW solar panel system is typically $13,930, after a 30% federal tax credit. Depending on your energy usage, you might need a bigger system.

To the left, you can select a county to find the average roof size and the average maximum generation capacity for solar panel systems on homes in your area. Below, you can see a summary of the costs, payback period and 20 year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Fox Point: $13,930US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Fox Point: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Fox Point: $8,833US Average: $16,169

Solar Potential in Fox Point

Estimated system size and solar electricity production per median viable roof in
Fox Point.

Roof size 465sq. ft.
Capacity 6.5kW DC
Electricity 7.5kkWh AC per yr.

Electricity Costs in Fox Point, WI & What that Means for Your Solar Panel Pricing

On average, a Fox Point energy consumer uses624 kWh and pays $119.72 per month for electricity. These figures also cover apartments and other smaller residences with lower energy demand.

For November 2024, Fox Point, WI's average electricity rate amounts to 19.17¢ per kWh.

If you consume an average amount of electricity in Fox Point, you will need a solar panel system of 6 kW or more to fully account for your full electricity consumption demands. Presently, a 6 kW solar system will be priced at around $23,880at first, but thanks to the 30% federal tax credit, you receive 30% back, reducing the total to $16,716.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Fox Point

On your left, we have provided a full pricing details for the multiple solar panel system sizes installed in Fox Point. The investment for a more extensive solar panel setup is greater, but it also yields greater electricity savings and higher income tax credits.

The solar panel cost and benefit breakdown, shown in the calculator down and to the right, is based on an average electric bill of $119.72 in Fox Point. Change the $119.72 to your usual bill payment for personalized results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $543 a year
Est. Price
$5,572
Savings from a 2kWthis system
  • Est. yearly production 2,859 kWh
  • Est. monthly savings $45
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 2.19 tons a year
  • Equivalent to planting 101 trees a year
  • Equivalent to driving 5,421 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $815 a year
Est. Price
$8,358
Savings from a 3kWthis system
  • Est. yearly production 4,288 kWh
  • Est. monthly savings $68
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 3.29 tons a year
  • Equivalent to planting 151 trees a year
  • Equivalent to driving 8,132 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,086 a year
Est. Price
$11,144
Savings from a 4kWthis system
  • Est. yearly production 5,718 kWh
  • Est. monthly savings $91
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.38 tons a year
  • Equivalent to planting 201 trees a year
  • Equivalent to driving 10,843 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,358 a year
Est. Price
$13,930
Savings from a 5kWthis system
  • Est. yearly production 7,147 kWh
  • Est. monthly savings $113
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 5.48 tons a year
  • Equivalent to planting 251 trees a year
  • Equivalent to driving 13,553 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,629 a year
Est. Price
$16,716
Savings from a 6kWthis system
  • Est. yearly production 8,576 kWh
  • Est. monthly savings $120
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 5.81 tons a year
  • Equivalent to planting 267 trees a year
  • Equivalent to driving 14,373 mi less a year

Fox Point Solar Panel Installation Incentives & Rebates | 2024

For rural agricultural properties and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing photovoltaic or wind energy systems. Think you fit this category? Check your qualification with our REAP Grant eligibility tool.

Most homeowners can benefit from the federal 30% income tax credit for solar panels, which turns adopting solar energy a practical choice in numerous regions of the U.S. In addition to federal incentives, there are many state and local efforts to encourage solar energy adoption.

Multiple utilities and government agencies in Wisconsin provide 12 solar rebate and incentive programs.

Solar incentives in WI

Renewable Energy Competitive Incentive Program

Value:Up to $500,000

Through Wisconsin's Focus on Energy program, nonprofits and public-sector agencies may receive grants to fund large-scale renewable energy investments. The current grant amount is variable per kilowatt hour for power generation or per kBTU for thermal systems. There are two requests for proposals (RFPs) opened annually. Organizations must include the technical specifications for their planned equipment, estimated energy/cost savings, and a suggested funding amount based on rate schedule guidelines. Additional information is available from the Focus on Energy website.

Design Assistance Program

Value:Up to $0.15

Through Wisconsin's Focus on Energy program, architects, building engineers, contractors, and property owners may be incentivized for meeting green construction standards. Qualifying projects include walls, lighting, windows/doors, insulation/weatherization, HVAC, water heating, and new renewable energy equipment. Awards are paid on a per-property basis; any home, business, or industrial facility may qualify. The current rebate amount is based on energy efficiency at a rate per kilowatt hour saved. Builders will receive a rebate during construction; property owners will receive their smaller rebate after construction is complete.

Renewable Rewards Program

Value:Up to $1,000

Wisconsin homeowners may be eligible for rebates on new solar PV/thermal and geothermal devices. For solar panels, the current rebate stands at $500 per array. Business customers are eligible for similar incentives but will be paid a capacity-based rebate. The maximum possible rebate is currently $1,000 for homes and $50,000 for businesses. Additional information is available from the Focus on Energy website.

Renewable Energy Sales Tax Exemptions

Value:Varies

Wisconsin sales/use tax exemptions apply to biofuel for residential energy production. Qualifying purchases include some agricultural crops, landfill gas, pellets, and wood chips/pellets/sawdust. Components used to store biofuels are not eligible for the exemption. Interested customers should submit a completed form S-211 to their retailer, who will apply for the exemption and offer a discount. Additional information and the necessary paperwork are available from the state Department of Revenue.

Net Metering

Value:Varies

In Wisconsin, all private and local public electrical utilities are required to offer net metering to their interconnected renewable customers up to a maximum quota. Cooperatives may participate in net metering, but they are not required to offer it. Any system up to 300 kW is eligible. Upon entering a net metering contract, the customer's utility will install a bidirectional meter to measure net excess generation (NEG) sent back to the grid. Customers will receive either monthly or annual bill credits for the NEG they export at a fixed, avoided-cost rate. Fees and capacity limits may apply. The Public Service Commission reserves the right to alter any net metering or energy tariff program.

Renewable Portfolio Standard

Value:Varies

Wisconsin first established a renewable portfolio standard in 1999. Initial goals required at least 10% of the state's retail electricity to be generated using renewable technology. New specific goals have never been implemented, but utilities are nonetheless obligated to increase their renewable energy activities at a rate of 6% per year. Carve-out provisions apply to keep most renewable investments within state lines. Compliance is measured using renewable energy credit (REC) and renewable resource credit (RRC) systems pegging one megawatt hour of electricity to a fluctuating dollar value. Utilities may generate credits through the use of their own renewable installations or purchase them through tariff arrangements and power purchase agreements. Each credit expires after four years of use.

Focus on Energy - Business & Marketing Grant

Value:Varies

Focus on Energy grant funding is available for Wisconsin businesses making new renewable energy investments or energy efficiency improvements. The maximum available grant is $10,000 to fund half of project costs. Eligible projects include new solar, wind, or biomass energy systems not involved in academic or corporate research and development. Grants may also support professional training and marketing initiatives. To apply, the business should be located in a participating utility's service area and submit a successful proposal. Additional information is available from the Focus on Energy website.

Energy Innovation Grant Program

Value:Varies

Wisconsin Energy Innovation grants are available to local governments, public schools, and manufacturing businesses making renewable energy investments or energy efficiency improvements. The Public Service Commission keeps an annual grant budget of roughly $5 million to award in proportion. Grants can fund new generation/energy storage equipment, sustainable transportation, and engineering reviews/project studies. Application periods, known as requests for proposals, are opened annually. Additional information is available on the Public Service Commission's website.

Interconnection Standards

Value:Varies

Distributed generation and grid interconnection practices have been standardized in Wisconsin since 2004. Each new solar, wind, or other renewable energy system is sorted into one of four regulatory "categories" based on capacity. Category 1 ends at 20 kW, Category 2 at 200 kW, and Category 3 at one megawatt. The category of a system will determine the UL/IEEE standards it must follow and the rigor of its permitting process, including application fees and review turnaround time. The state requires all system owners, even of Category 1 systems, to hold minimum liability insurance coverage of more than $300,000 per occurrence. Utilities may further require the installation of external disconnect switches, but may not charge additional fees or require additional regulatory reviews beyond what is necessary. Additional information is available from the Wisconsin Public Service Commission.

Public Benefits Fund

Value:Varies

In 1999, the Wisconsin legislature first established a public benefits fund for renewable energy and energy efficiency among low-income residents. The fund's day-to-day business is managed by a public/private partnership between Focus on Energy and the Department of Administration. Current fund initiatives support incentives, loans, and grants to home and business owners. Funding is sourced through both consumer surcharges and mandatory utility "buy-ins." Additional information is available from the Focus on Energy website.

Energy Efficiency and Green Building Standards for State Buildings

Value:Varies

Public buildings in Wisconsin are subject to sustainability and green construction standards set by the state's Department of Administration. Standards apply to new and existing buildings. New buildings must demonstrate energy efficiency of at least 30% above the state's commercial building codes, themselves based on LEED standards. Remodeling projects in existing facilities should procure only those building materials and appliances which have earned ENERGY STAR certification or which meet EPA/ASHRAE standards. Additional information, including compliance reports, is available from the Department of Administration.

Focus on Energy Program

Value:Varies

Wisconsin Focus on Energy (FoE) is a public benefits fund providing a central management infrastructure for energy efficiency and renewable energy incentive and financing programs. Utilities may tap from the fund to support loans, grants, rebates, and educational initiatives. Funding is supported through customer surcharges and mandatory utility "buy-ins." Additional information is available from the FoE website.

Are solar panels worth it in Wisconsin?

If you intend to own your residence longer than the solar system's payback period, solar panels are a smart investment in Fox Point. A 5 kW system in Fox Point, WI will save you, on average, $14,802.8 over a 20 period and the average break even point is 10 years.

The cost of not having solar panels in Fox Point, WI

Apart from the savings mentioned earlier, failing to install solar panels or an alternative energy backup leads to you being wholly dependent on your electric utility for electricity. Recent news examples have shown that complete dependence on your utility provider isn't always the most favorable condition.

The average number of outages per customer per year in Fox Point is 0.68. The average duration of each outage is 82.25 minutes. During severe events like tornadoes, construction accidents, or grid management errors, these times can grow significantly longer.

A solar energy system could help mitigate the effects of future outages, whether or not it has a backup battery.

Power Outages

Currently, 0 customers are being tracked in Milwaukee County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

What impacts the cost of solar panels in Fox Point, WI?

Your Energy Needs - Larger solar panel systems have a greater upfront cost, but the cost per watt reduces. Installing a solar panel system that can cover the electric bill is useful to consumers because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. Because the installer you choose might have particular system preferences, choosing a recommended installer is even more important. The employment of superior makes and models is likely to provide a more satisfactory long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the standard in the industry, and it's easy to see why. Despite the higher price tag, these panels produce greater energy output. The majority of installation experts use panels made from this material.

Your Property - Things such as trees, rough terrain, or additional hurdles can cause the installation to be more difficult. Many solar installers today use satellite imagery to evaluate your home and factor in these factors into the preliminary cost estimate.

Labor Rates - The wage differences between companies lead to costs that are transferred to the consumers. Companies that pay higher wages often garner higher reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will differ depending on local permitting and utility interconnection fees. Quality local installers will include these figures in your preliminary estimates to provide transparency.

See what solar panels cost in other WI cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Fox Point?

All Energy Solar

St. Paul, MN(800) 620-3370

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Micrometer Engineering

Scottsdale, AZ(602) 790-5749

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

ConEdison Solutions

Valhalla CDP, NY(914) 286-7000

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Bright Skies

Pleasant Grove, UT(608) 293-1163

Services

  • Reparation of batteries.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Olson Solar Energy

Onalaska, WI(608) 780-2347

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.

Current Electric

Wauwatosa, WI(262) 214-5598

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

DT Solar

(888) 984-6786

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Fox Point, WI Solar Panel Cost FAQs

  • As of November, 2024, the typical cost for solar panels in Fox Point, WI is $3.98/W. For a 5 kW solar panel system, the total cost in Fox Point, WI after federal tax credits is around $13,930.
  • Right now, Wisconsin has 12 rebates and incentives available through a variety of utility companies and government entities. Also, nearly everyone can take advantage of the 30% federal tax credit.
  • Opting to pay in cash provides the highest savings, but there are now various financing options for solar panels that are cost-effective. Installers typically partner with financing companies and will incorporate this information into your initial quotes.
  • Yes, in Fox Point, WI, the average time for 5 kW solar panel systems to pay for themselves is 10 years, leading to electricity savings of $14,802.8 over a 20-year period.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-11-05