Solar Panel Cost Guide in Cannon, MI (2023 Update)
- Cannon Solar Installation Cost: $12,147
- 25-Year Savings: $22,757
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Cannon
Find out how much it might cost to make the switch to solar in Cannon.
The national average cost of solar panels is $2.66 per watt, but in Cannon it's 2.81 per watt. Since a 6.2-kW system is needed to cover the energy needs of a typical home in Cannon, the average price of going solar will be about $12,156 after claiming the federal solar tax credit of 30%.
The true price you pay can go above or below the average in Cannon depending on a variety of factors, such as the model of solar panels you choose and the solar company you hire. For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Cannon
| Year | Return on Investment |
|---|---|
| 1 years | $-10,894 |
| 3 years | $-8,386 |
| 5 years | $-5,879 |
| 7 years | $-3,371 |
| 9 years | $-864 |
| 11 years | $1,643 |
| 13 years | $4,151 |
| 15 years | $6,658 |
| 17 years | $9,166 |
| 19 years | $11,673 |
| 21 years | $14,180 |
| 23 years | $16,688 |
| 25 years | $19,195 |
Top Solar Installers in Cannon
Many homeowners opt for a solar panel company since installing solar panels by yourself can be challenging. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you'd like to go solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:
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 Cannon
Factors that Affect Solar Panel Costs in Cannon
Although the average cost of a solar system in Cannon is $12,156, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,810 per kilowatt in Cannon. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just 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 Cannon have solar loans, which reduce the initial cost of installing solar. Although solar loans make going solar more accessible for Cannon homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $2.92 | $12,274 | $21,638 | 9.0 years |
| 8 kW | $2.87 | $16,051 | $29,165 | 8.9 years |
| 10 kW | $2.81 | $19,670 | $36,850 | 8.7 years |
| 12 kW | $2.75 | $23,132 | $44,692 | 8.5 years |
| 14 kW | $2.70 | $26,436 | $52,692 | 8.4 years |
| 16 kW | $2.64 | $29,584 | $60,848 | 8.2 years |
| 18 kW | $2.59 | $32,574 | $69,163 | 8.0 years |
| 20 kW | $2.53 | $35,406 | $77,634 | 7.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you care about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer's reputation is by reading reviews.
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 Cannon, MI Solar Cost FAQs
How much does it cost to install solar panels in Cannon?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.