Solar Panel Cost Guide in Cadillac, MI (2025 Update)
- Cadillac Solar Installation Cost: $17,880
- 25-Year Savings: $22,130
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Cadillac
See how much it might cost to install solar panels in Cadillac.
Although the national average of solar panels is $2.66 per watt, solar panels in Cadillac typically cost around 4.Because a 6.3-kW system is needed to cover the energy needs of a typical home in Cadillac, the average price of going solar will be about $17,880 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on energy bills.
To get a free quote from a vetted solar installation company in Cadillac, you can click the button below.
Solar savings over time in Cadillac
| Year | Return on Investment |
|---|---|
| 1 years | $-16,626 |
| 3 years | $-14,119 |
| 5 years | $-11,611 |
| 7 years | $-9,104 |
| 9 years | $-6,596 |
| 11 years | $-4,089 |
| 13 years | $-1,582 |
| 15 years | $926 |
| 17 years | $3,433 |
| 19 years | $5,941 |
| 21 years | $8,448 |
| 23 years | $10,955 |
| 25 years | $13,463 |
Top Solar Installers in Cadillac
Many homeowners opt for a solar installation company since installing solar panels by yourself can be a labor-intensive endeavor. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're searching for a solar installer in Cadillac, we've organized a list of our top suggestions here:
See all of the solar companies in Cadillac
Factors that Affect Solar Panel Costs in Cadillac
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar 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, your total will most likely increase by about $4,060. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Cadillac, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $15,173 | 13.5 years |
| 8 kW | $4.14 | $23,191 | $20,685 | 13.2 years |
| 10 kW | $4.06 | $28,420 | $26,425 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $32,392 | 12.7 years |
| 14 kW | $3.90 | $38,196 | $38,586 | 12.4 years |
| 16 kW | $3.82 | $42,744 | $45,008 | 12.2 years |
| 18 kW | $3.74 | $47,064 | $51,657 | 11.9 years |
| 20 kW | $3.65 | $51,156 | $58,534 | 11.7 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Cadillac, 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:
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should go with, since different companies provide different panels.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- 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 panel system is installed, such as updating your electrical system or roof.
EcoWatch's Cadillac, MI Solar Cost FAQs
What is the average cost of installing solar panels in Cadillac?
This is a tough 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Cadillac?
You can’t get solar panels for free in Cadillac. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Cadillac?
Solar panels can be a great investment for a majority 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 many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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 home 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.