Solar Panel Cost Guide in Beecher, MI (2023 Update)
- Beecher Solar Installation Cost: $12,263
- 25-Year Savings: $23,042
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Beecher
Find out what the average cost of a solar system is in Beecher.
The national average cost of solar panels is $2.66 per watt, but in Beecher it's 2.81 per watt. The average Beecher homeowner needs a 6.2-kilowatt system, which would cost about $12,254 with the federal tax credit, or $17,523 before the 30% tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely look different based on the amount of energy your home requires and what company you choose to go with. For many homeowners, the upfront investment in solar power is worth paying. On average Beecher homeowners see about $22,000 in savings on electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Beecher
| Year | Return on Investment |
|---|---|
| 1 years | $-12,145 |
| 3 years | $-11,910 |
| 5 years | $-11,674 |
| 7 years | $-11,439 |
| 9 years | $-11,204 |
| 11 years | $-10,968 |
| 13 years | $-10,733 |
| 15 years | $-10,498 |
| 17 years | $-10,262 |
| 19 years | $-10,027 |
| 21 years | $-9,791 |
| 23 years | $-9,556 |
| 25 years | $-9,321 |
Top Solar Installers in Beecher
Many homeowners opt for a solar installation company since trying to install solar panels on your own can be a lot of work. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're searching for a solar installer in Beecher, the EcoWatch team has put together a list of our top suggestions here:
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 Beecher
Factors that Affect Solar Panel Costs in Beecher
For many Beecher homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Beecher, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,810. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Beecher average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Beecher homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Beecher is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets. Additionally, some companies in Beecher know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.92 | $12,274 | $21,704 | 9.0 years |
| 8 kW | $2.87 | $16,051 | $29,253 | 8.9 years |
| 10 kW | $2.81 | $19,670 | $36,960 | 8.7 years |
| 12 kW | $2.75 | $23,132 | $44,824 | 8.5 years |
| 14 kW | $2.70 | $26,436 | $52,845 | 8.3 years |
| 16 kW | $2.64 | $29,584 | $61,024 | 8.2 years |
| 18 kW | $2.59 | $32,574 | $69,360 | 8.0 years |
| 20 kW | $2.53 | $35,406 | $77,853 | 7.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Beecher, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you're concerned about the longevity of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
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 Beecher, MI Solar Cost FAQs
How much does it cost to install solar panels in Beecher?
The average cost of solar panels in Beecher 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,132.59 per year.
How long do solar panels last in Beecher?
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 larger 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.
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.