Solar Panel Cost Guide in Bloomer, MI (2024 Update)
- Bloomer Solar Installation Cost: $17,474
- 25-Year Savings: $21,594
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Bloomer
We break down average solar pricing in Bloomer.
In Bloomer, solar panels cost about 4 per watt on average.The average Bloomer homeowner needs a 6.1-kilowatt system, which would cost about $17,474 with the federal tax credit, or $24,988 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Bloomer homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar panels is worth paying. On average Bloomer homeowners see about $21,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Bloomer that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bloomer
| Year | Return on Investment |
|---|---|
| 1 years | $-16,220 |
| 3 years | $-13,713 |
| 5 years | $-11,205 |
| 7 years | $-8,698 |
| 9 years | $-6,191 |
| 11 years | $-3,683 |
| 13 years | $-1,176 |
| 15 years | $1,332 |
| 17 years | $3,839 |
| 19 years | $6,346 |
| 21 years | $8,854 |
| 23 years | $11,361 |
| 25 years | $13,868 |
Top Solar Installers in Bloomer
Many homeowners decide to use a solar installation company since installing solar panels on your own can be hard. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Bloomer
Factors that Affect Solar Panel Costs in Bloomer
Though the average cost of a solar system in Bloomer is $17,474, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Bloomer, 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 usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $4,060 for each additional kilowatt you need.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, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Bloomer average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Bloomer, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.Although solar loans make adopting solar energy more accessible for Bloomer homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Bloomer is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also is within your budget.
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 | $15,141 | 13.5 years |
| 8 kW | $4.14 | $23,191 | $20,642 | 13.2 years |
| 10 kW | $4.06 | $28,420 | $26,371 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $32,328 | 12.7 years |
| 14 kW | $3.90 | $38,196 | $38,512 | 12.4 years |
| 16 kW | $3.82 | $42,744 | $44,923 | 12.2 years |
| 18 kW | $3.74 | $47,064 | $51,561 | 11.9 years |
| 20 kW | $3.65 | $51,156 | $58,427 | 11.7 years |
How to Save on Solar Panels
There are many companies available in Bloomer, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Bloomer, MI Solar Cost FAQs
How much does it cost to install solar panels in Bloomer?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Bloomer?
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 making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.