Solar Panel Cost Guide in Antwerp, MI (2023 Update)
- Antwerp Solar Installation Cost: $11,415
- 25-Year Savings: $20,327
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Antwerp
Find out what the average cost of a solar system is in Antwerp.
In Antwerp, solar panels cost about 2.81 per watt on average. To cover the typical energy needs of the average home in Antwerp, most homeowners require a 5.8-kilowatt system. Using the figure above, a solar installation costs around $11,409, or $16,315 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Antwerp homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing solar panels is a sound investment. The average homeowner in Antwerp can save about $21,000 on their energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Antwerp
| Year | Return on Investment |
|---|---|
| 1 years | $-11,309 |
| 3 years | $-11,098 |
| 5 years | $-10,886 |
| 7 years | $-10,674 |
| 9 years | $-10,463 |
| 11 years | $-10,251 |
| 13 years | $-10,040 |
| 15 years | $-9,828 |
| 17 years | $-9,616 |
| 19 years | $-9,405 |
| 21 years | $-9,193 |
| 23 years | $-8,981 |
| 25 years | $-8,770 |
Top Solar Installers in Antwerp
Many homeowners choose to use a solar panel installer since trying to install solar panels on your own can be time-consuming. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers near you:
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 Antwerp
Factors that Affect Solar Panel Costs in Antwerp
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Antwerp, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,810 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Antwerp homeowners decide to finance their solar panel systems to make going solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Antwerp, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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 | $20,543 | 9.4 years |
| 8 kW | $2.87 | $16,051 | $27,706 | 9.2 years |
| 10 kW | $2.81 | $19,670 | $35,026 | 9.0 years |
| 12 kW | $2.75 | $23,132 | $42,503 | 8.8 years |
| 14 kW | $2.70 | $26,436 | $50,137 | 8.6 years |
| 16 kW | $2.64 | $29,584 | $57,929 | 8.5 years |
| 18 kW | $2.59 | $32,574 | $65,879 | 8.3 years |
| 20 kW | $2.53 | $35,406 | $73,985 | 8.1 years |
How to Save on Solar Panels
There are many 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: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
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 Antwerp, MI Solar Cost FAQs
What is the average cost of installing solar panels in Antwerp?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Antwerp?
You can't get solar panels for free in Antwerp. However, you may still be able to get 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 your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Antwerp is currently $165,394, which means you could be looking at a value of about $6,781 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Antwerp is a rewarding investment.
How long do solar panels last in Antwerp?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.