Solar Panel Cost Guide in Argentine, MI (2023 Update)
- Argentine Solar Installation Cost: $12,254
- 25-Year Savings: $17,958
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Argentine
We go over average solar pricing in Argentine.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Argentine, the typical cost of a solar system is 2.81 per watt. To account for the typical energy needs of the average home in Argentine, most homeowners require a 6.2-kilowatt system. Using the figure above, a solar installation costs about $12,254, or $17,523 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary based on several factors, such as what size system you need, your energy usage and what installation company you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Argentine that can help you get a more accurate cost estimate for your home.
Solar savings over time in Argentine
| Year | Return on Investment |
|---|---|
| 1 years | $-11,046 |
| 3 years | $-8,629 |
| 5 years | $-6,212 |
| 7 years | $-3,795 |
| 9 years | $-1,378 |
| 11 years | $1,039 |
| 13 years | $3,456 |
| 15 years | $5,873 |
| 17 years | $8,290 |
| 19 years | $10,707 |
| 21 years | $13,124 |
| 23 years | $15,541 |
| 25 years | $17,958 |
Top Solar Installers in Argentine
When switching to solar energy, many homeowners choose to hire a solar installer since installing a solar system yourself can be a difficult project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't certain which solar system company 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 Argentine
Factors that Affect Solar Panel Costs in Argentine
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Argentine: 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
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 power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,810 per kilowatt in Argentine. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Argentine homeowners opt to finance their solar panel systems to offset upfront costs. Though solar loans make switching to solar energy more accessible for Argentine homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Argentine is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that offer a range of services at different costs. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $16,803 | 10.6 years |
| 8 kW | $2.87 | $16,051 | $22,718 | 10.4 years |
| 10 kW | $2.81 | $19,670 | $28,791 | 10.1 years |
| 12 kW | $2.75 | $23,132 | $35,022 | 9.9 years |
| 14 kW | $2.70 | $26,436 | $41,409 | 9.7 years |
| 16 kW | $2.64 | $29,584 | $47,955 | 9.5 years |
| 18 kW | $2.59 | $32,574 | $54,657 | 9.3 years |
| 20 kW | $2.53 | $35,406 | $61,517 | 9.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Contract: Before you sign a contract with a solar installer, make sure to look it over carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Argentine, MI Solar Cost FAQs
What is the average cost of installing solar panels in Argentine?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Argentine?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $969.23 per year.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.