Solar Panel Cost Guide in Bangor, MI (2025 Update)
- Bangor Solar Installation Cost: $17,495
- 25-Year Savings: $20,131
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Bangor
We break down average solar pricing in Bangor.
The average cost of solar panels in Bangor is 4 per watt.The average solar panel system size in Bangor is around 6.2 kilowatts, meaning a cost of about $17,495 for a solar installation, or $25,018 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Bangor homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the initial cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $20,000 over 20 years on energy bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Bangor
| Year | Return on Investment |
|---|---|
| 1 years | $-16,241 |
| 3 years | $-13,734 |
| 5 years | $-11,226 |
| 7 years | $-8,719 |
| 9 years | $-6,212 |
| 11 years | $-3,704 |
| 13 years | $-1,197 |
| 15 years | $1,311 |
| 17 years | $3,818 |
| 19 years | $6,325 |
| 21 years | $8,833 |
| 23 years | $11,340 |
| 25 years | $13,848 |
Top Solar Installers in Bangor
Many homeowners decide to hire a solar installation company since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you go with a solar company too, which can save you more money over time.
If you're on the hunt for a solar installer in Bangor, we've put together a list of our top suggestions here:
See all of the solar companies in Bangor
Factors that Affect Solar Panel Costs in Bangor
There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Bangor average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Bangor, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can influence how much it costs. Bangor’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Bangor are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $13,690 | 14.1 years |
| 8 kW | $4.14 | $23,191 | $18,707 | 13.8 years |
| 10 kW | $4.06 | $28,420 | $23,953 | 13.6 years |
| 12 kW | $3.98 | $33,422 | $29,425 | 13.3 years |
| 14 kW | $3.90 | $38,196 | $35,125 | 13.0 years |
| 16 kW | $3.82 | $42,744 | $41,053 | 12.8 years |
| 18 kW | $3.74 | $47,064 | $47,207 | 12.5 years |
| 20 kW | $3.65 | $51,156 | $53,589 | 12.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
EcoWatch's Bangor, MI Solar Cost FAQs
How much does it cost to install solar panels in Bangor?
The average cost of solar panels in Bangor is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Bangor?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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 financial benefits from going solar.
Is it worth going solar in Bangor?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
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.