Solar Panel Cost Guide in Allegan, MI (2024 Update)
- Allegan Solar Installation Cost: $16,895
- 25-Year Savings: $22,811
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Allegan
Find out how much it might cost to install solar panels in Allegan.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Allegan, the average cost of a solar system is 4 per watt.Since a 5.9-kW system is needed to cover the energy needs of a typical home in Allegan, the average price of going solar will be about $16,895 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Allegan homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $22,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Allegan that can help you get a more accurate cost estimate for your home.
Solar savings over time in Allegan
| Year | Return on Investment |
|---|---|
| 1 years | $-15,641 |
| 3 years | $-13,133 |
| 5 years | $-10,626 |
| 7 years | $-8,119 |
| 9 years | $-5,611 |
| 11 years | $-3,104 |
| 13 years | $-596 |
| 15 years | $1,911 |
| 17 years | $4,418 |
| 19 years | $6,926 |
| 21 years | $9,433 |
| 23 years | $11,940 |
| 25 years | $14,448 |
Top Solar Installers in Allegan
When switching to solar energy, many homeowners prefer to use a solar installation company since handling can be a time-consuming project. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
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 Allegan
Factors that Affect Solar Panel Costs in Allegan
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Allegan: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation 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 $4,060.The type of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Allegan provide solar loans, which reduce the initial cost of installing solar.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Allegan is the company you choose to install your solar system. As with 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.The company’s size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $17,092 | 12.7 years |
| 8 kW | $4.14 | $23,191 | $23,244 | 12.5 years |
| 10 kW | $4.06 | $28,420 | $29,623 | 12.2 years |
| 12 kW | $3.98 | $33,422 | $36,230 | 12.0 years |
| 14 kW | $3.90 | $38,196 | $43,064 | 11.8 years |
| 16 kW | $3.82 | $42,744 | $50,125 | 11.5 years |
| 18 kW | $3.74 | $47,064 | $57,414 | 11.3 years |
| 20 kW | $3.65 | $51,156 | $64,930 | 11.0 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 find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should go with, since different companies provide different panels.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
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
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 Allegan, MI Solar Cost FAQs
What is the average cost of installing solar panels in Allegan?
The average cost of solar panels in Allegan is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Allegan?
You can’t get solar panels for free in Allegan. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 get 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.