Solar Panel Cost Guide in Blissfield, MI (2024 Update)
- Blissfield Solar Installation Cost: $17,337
- 25-Year Savings: $19,062
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Blissfield
Let’s take a look at the average cost of solar panels in Blissfield.
The national average cost of solar panels is $2.66 per watt, but in Blissfield it’s 4 per watt.The average Blissfield homeowner needs a 6.1-kilowatt system, which would cost about $17,337 with the federal tax credit, or $24,792 before the 0 tax credit is applied.
These figures are only estimates, and how much solar costs for you will differ based on your specific situation and what company you want to go with.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Blissfield
Year | Return on Investment |
---|---|
1 years | $-16,083 |
3 years | $-13,576 |
5 years | $-11,068 |
7 years | $-8,561 |
9 years | $-6,053 |
11 years | $-3,546 |
13 years | $-1,039 |
15 years | $1,469 |
17 years | $3,976 |
19 years | $6,484 |
21 years | $8,991 |
23 years | $11,498 |
25 years | $14,006 |
Top Solar Installers in Blissfield
When making the switch to solar, many homeowners decide to use a solar company since overseeing your solar installation yourself can be a difficult project. Plus, if you’d like to maximize your investment in solar power, going with a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Blissfield
Factors that Affect Solar Panel Costs in Blissfield
Even though the average cost of a solar system in Blissfield is $17,337, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Blissfield, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $4,060 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When considering 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 lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence your pricing. Blissfield’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $4.22 | $17,734 | $12,817 | 14.5 years |
8 kW | $4.14 | $23,191 | $17,544 | 14.2 years |
10 kW | $4.06 | $28,420 | $22,498 | 14.0 years |
12 kW | $3.98 | $33,422 | $27,680 | 13.7 years |
14 kW | $3.90 | $38,196 | $33,089 | 13.4 years |
16 kW | $3.82 | $42,744 | $38,726 | 13.1 years |
18 kW | $3.74 | $47,064 | $44,590 | 12.8 years |
20 kW | $3.65 | $51,156 | $50,681 | 12.6 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Blissfield, MI Solar Cost FAQs
How much does it cost to install solar panels in Blissfield?
The average cost of solar panels in Blissfield 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.
Should I lease or buy solar panels in Blissfield?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,018.37 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.