Solar Panel Cost Guide in Burton, MI (2024 Update)
- Burton Solar Installation Cost: $17,718
- 25-Year Savings: $20,132
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Burton
Let’s take a look at the average cost of solar in Burton.
The national average cost of solar panels is $2.66 per watt, but in Burton it’s 4 per watt.The average Burton homeowner needs a 6.2-kilowatt system, which would cost about $17,718 with the federal tax credit, or $25,337 before the 0 tax credit is applied.
How much you pay can be above or below the average in Burton based on a few factors, such as the brand of solar panels you choose and the solar company you hire.With average savings of about $20,000 on power bills over 20 years, many homeowners in Burton find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar installer in your area for a customized estimate.
Solar savings over time in Burton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,464 |
| 3 years | $-13,957 |
| 5 years | $-11,449 |
| 7 years | $-8,942 |
| 9 years | $-6,434 |
| 11 years | $-3,927 |
| 13 years | $-1,420 |
| 15 years | $1,088 |
| 17 years | $3,595 |
| 19 years | $6,103 |
| 21 years | $8,610 |
| 23 years | $11,117 |
| 25 years | $13,625 |
Top Solar Installers in Burton
When switching to solar energy, many homeowners choose to use a solar company since installing a solar system yourself can be a challenging project. Another great thing about using a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Burton
Factors that Affect Solar Panel Costs in Burton
For many Burton homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Burton, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $4,060 per kilowatt in Burton.There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Burton offer solar loans, which reduce your upfront costs of installing solar.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 more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Burton is the company you hire to install your solar system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services at different price points.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $13,443 | 14.2 years |
| 8 kW | $4.14 | $23,191 | $18,379 | 13.9 years |
| 10 kW | $4.06 | $28,420 | $23,542 | 13.7 years |
| 12 kW | $3.98 | $33,422 | $28,932 | 13.4 years |
| 14 kW | $3.90 | $38,196 | $34,550 | 13.1 years |
| 16 kW | $3.82 | $42,744 | $40,396 | 12.9 years |
| 18 kW | $3.74 | $47,064 | $46,468 | 12.6 years |
| 20 kW | $3.65 | $51,156 | $52,768 | 12.3 years |
How to Save on Solar Panels
There are a lot of companies available in Burton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: If you’re concerned about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
EcoWatch's Burton, MI Solar Cost FAQs
How much does it cost to install solar panels in Burton?
This is a hard question to answer precisely, because the cost depends on many 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 additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Burton?
Solar panels aren’t free in Burton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose 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 do I need to power 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.