Solar Panel Cost Guide in Blackman, MI (2024 Update)
- Blackman Solar Installation Cost: $17,403
- 25-Year Savings: $22,451
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Blackman
Find out what the average cost of installing solar panels is in Blackman.
Although the national average of solar panels is $2.66 per watt, solar panels in Blackman typically cost about 4.To cover the typical energy usage of the average home in Blackman, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,403, or $24,886 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Blackman see about $21,000 in savings on electricity bills over 20 years.
To get a free quote from a pre-vetted solar company in Blackman, you can click the button below.
Solar savings over time in Blackman
| Year | Return on Investment |
|---|---|
| 1 years | $-16,149 |
| 3 years | $-13,642 |
| 5 years | $-11,135 |
| 7 years | $-8,627 |
| 9 years | $-6,120 |
| 11 years | $-3,612 |
| 13 years | $-1,105 |
| 15 years | $1,402 |
| 17 years | $3,910 |
| 19 years | $6,417 |
| 21 years | $8,925 |
| 23 years | $11,432 |
| 25 years | $13,939 |
Top Solar Installers in Blackman
Trying to install solar panels on your own can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Also, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Blackman
Factors that Affect Solar Panel Costs in Blackman
There are several criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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, more efficient panels could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Blackman average.
Solar Financing Terms
Most solar installers in Blackman provide solar loans, which reduce your upfront costs of installing solar panels.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Blackman, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $16,066 | 13.1 years |
| 8 kW | $4.14 | $23,191 | $21,876 | 12.9 years |
| 10 kW | $4.06 | $28,420 | $27,914 | 12.6 years |
| 12 kW | $3.98 | $33,422 | $34,179 | 12.4 years |
| 14 kW | $3.90 | $38,196 | $40,671 | 12.1 years |
| 16 kW | $3.82 | $42,744 | $47,390 | 11.9 years |
| 18 kW | $3.74 | $47,064 | $54,337 | 11.6 years |
| 20 kW | $3.65 | $51,156 | $61,511 | 11.4 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- 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: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most 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.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
EcoWatch's Blackman, MI Solar Cost FAQs
What is the average cost of installing solar panels in Blackman?
The average cost of solar panels in Blackman is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.