Solar Panel Cost Guide in Adrian, MI (2023 Update)
- Adrian Solar Installation Cost: $11,999
- 25-Year Savings: $23,023
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Adrian
We break down average solar pricing in Adrian.
In Adrian, solar panels cost about 2.81 per watt on average. The average Adrian homeowner needs a 6.1-kilowatt system, which would cost about $11,999 with the federal tax credit, or $17,159 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $22,000 over 20 years on electricity bills.
To get a free estimate from a top solar installation company in Adrian, you can click the button below.
Solar savings over time in Adrian
| Year | Return on Investment |
|---|---|
| 1 years | $-10,745 |
| 3 years | $-8,238 |
| 5 years | $-5,730 |
| 7 years | $-3,223 |
| 9 years | $-716 |
| 11 years | $1,792 |
| 13 years | $4,299 |
| 15 years | $6,806 |
| 17 years | $9,314 |
| 19 years | $11,821 |
| 21 years | $14,329 |
| 23 years | $16,836 |
| 25 years | $19,343 |
Top Solar Installers in Adrian
Trying to install solar panels yourself can be a stressful undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you choose which one will be best for you.
If you're on the hunt for a solar company in Adrian, we've put together a list of our top suggestions here:
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
See all of the solar companies in Adrian
Factors that Affect Solar Panel Costs in Adrian
The cost of installing a solar system in Adrian can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,810 per kilowatt in Adrian. The brand of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Adrian is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services at different price points. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.92 | $12,274 | $22,173 | 8.9 years |
| 8 kW | $2.87 | $16,051 | $29,879 | 8.7 years |
| 10 kW | $2.81 | $19,670 | $37,742 | 8.6 years |
| 12 kW | $2.75 | $23,132 | $45,762 | 8.4 years |
| 14 kW | $2.70 | $26,436 | $53,940 | 8.2 years |
| 16 kW | $2.64 | $29,584 | $62,275 | 8.1 years |
| 18 kW | $2.59 | $32,574 | $70,767 | 7.9 years |
| 20 kW | $2.53 | $35,406 | $79,417 | 7.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should go with, since different companies offer different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
EcoWatch's Adrian, MI Solar Cost FAQs
How much does it cost to install solar panels in Adrian?
The average cost of solar panels in Adrian is about $14,050 for a 5-kW system and $28,100 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 use.
Is cost the most important consideration 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 your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Does Adrian have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 higher amount 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.