Solar Panel Cost Guide in Barry, MI (2023 Update)
- Barry Solar Installation Cost: $12,058
- 25-Year Savings: $22,447
- Payback Period: 8.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Barry
Find out how much it might cost to go solar in Barry.
In Barry, solar panels cost about 2.81 per watt on average. Using this figure, a typical 6.1-kW system would cost about $12,058 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Barry homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $21,000 on energy bills over 20 years, many homeowners in Barry find investing in solar has a decent ROI.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Barry
| Year | Return on Investment |
|---|---|
| 1 years | $-10,678 |
| 3 years | $-7,917 |
| 5 years | $-5,157 |
| 7 years | $-2,396 |
| 9 years | $364 |
| 11 years | $3,124 |
| 13 years | $5,885 |
| 15 years | $8,645 |
| 17 years | $11,405 |
| 19 years | $14,166 |
| 21 years | $16,926 |
| 23 years | $19,686 |
| 25 years | $22,447 |
Top Solar Installers in Barry
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make your swap to solar power much easier. Another good thing about using a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Barry
Factors that Affect Solar Panel Costs in Barry
Even though the average cost of a solar system in Barry is $12,058, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,810 per kilowatt in Barry. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Barry, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Barry to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. It's a good idea to add 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can impact the cost. Barry's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering 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 | $21,492 | 9.1 years |
| 8 kW | $2.87 | $16,051 | $28,971 | 8.9 years |
| 10 kW | $2.81 | $19,670 | $36,607 | 8.7 years |
| 12 kW | $2.75 | $23,132 | $44,401 | 8.6 years |
| 14 kW | $2.70 | $26,436 | $52,351 | 8.4 years |
| 16 kW | $2.64 | $29,584 | $60,460 | 8.2 years |
| 18 kW | $2.59 | $32,574 | $68,725 | 8.0 years |
| 20 kW | $2.53 | $35,406 | $77,148 | 7.9 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Installation Process: When making the switch to solar energy, it's crucial to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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 Barry, MI Solar Cost FAQs
How much does it cost to install solar panels in Barry?
This is a hard 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 higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Barry?
Solar panels aren't free in Barry, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Barry is currently $182,407, which means you could be looking at a value of about $7,479 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Barry is a fruitful investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.