Solar Panel Cost Guide in Attica, MI (2023 Update)
- Attica Solar Installation Cost: $12,195
- 25-Year Savings: $12,924
- Payback Period: 12.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Attica
Let's take a look at the average cost of solar in Attica.
In Attica, solar panels cost about 2.81 per watt on average. To cover the typical energy needs of the average home in Attica, most homeowners require a 6.2-kilowatt system. Using the figure above, a solar installation costs about $12,195, or $17,439 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Attica based on a few factors, such as the model of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar panel company in Attica for a personalized estimate.
Solar savings over time in Attica
| Year | Return on Investment |
|---|---|
| 1 years | $-11,191 |
| 3 years | $-9,181 |
| 5 years | $-7,171 |
| 7 years | $-5,162 |
| 9 years | $-3,152 |
| 11 years | $-1,143 |
| 13 years | $867 |
| 15 years | $2,876 |
| 17 years | $4,886 |
| 19 years | $6,896 |
| 21 years | $8,905 |
| 23 years | $10,915 |
| 25 years | $12,924 |
Top Solar Installers in Attica
When making the switch to solar, many homeowners prefer to use a solar installation company since putting up a solar system yourself can be a challenging project. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Attica:
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 Attica
Factors that Affect Solar Panel Costs in Attica
There are a number of criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Attica offer solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Attica, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $12,019 | 12.6 years |
| 8 kW | $2.87 | $16,051 | $16,340 | 12.4 years |
| 10 kW | $2.81 | $19,670 | $20,818 | 12.1 years |
| 12 kW | $2.75 | $23,132 | $25,454 | 11.9 years |
| 14 kW | $2.70 | $26,436 | $30,247 | 11.7 years |
| 16 kW | $2.64 | $29,584 | $35,198 | 11.4 years |
| 18 kW | $2.59 | $32,574 | $40,306 | 11.2 years |
| 20 kW | $2.53 | $35,406 | $45,571 | 10.9 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 brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make 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 Attica, MI Solar Cost FAQs
How much does it cost to install solar panels in Attica?
The average cost of solar panels in Attica 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Attica, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.