Solar Panel Cost Guide in Canton, MI (Jan 2023)

  • Canton Solar Installation Cost: $12,038
  • 25-Year Savings: $13,082
  • Payback Period: 12.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Canton

Here's how much it might cost to go solar in Canton.

The national average cost of solar panels is $2.66 per watt, but in Canton it's $3 per watt. Since a 6.1-kW system is needed to cover the energy usage of a typical home in Canton, the average price of going solar will be about $12,038 before claiming the federal solar tax credit of 30%.

How much you pay can be higher or lower than the average in Canton based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire. With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Canton find investing in solar can be quite rewarding.

Click the button below to get connected to a highly rated solar installer in Canton for a custom estimate.

Solar savings over time in Canton

Year Return on Investment
1 years $-11,033
3 years $-9,024
5 years $-7,014
7 years $-5,005
9 years $-2,995
11 years $-985
13 years $1,024
15 years $3,034
17 years $5,043
19 years $7,053
21 years $9,063
23 years $11,072
25 years $13,082

Top Solar Installers in Canton

Trying to install solar panels on your own can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, if you're unsure what type of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.

You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Canton:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Canton

Factors that Affect Solar Panel Costs in Canton

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Canton: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Most solar companies in Canton provide solar loans, which reduce your upfront costs of installing solar. While solar loans make going solar more accessible for Canton homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installation company you select will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better 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 names.

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 $12,373 12.4 years
8 kW $2.87 $16,051 $16,812 12.2 years
10 kW $2.81 $19,670 $21,408 12.0 years
12 kW $2.75 $23,132 $26,162 11.7 years
14 kW $2.70 $26,436 $31,073 11.5 years
16 kW $2.64 $29,584 $36,141 11.3 years
18 kW $2.59 $32,574 $41,367 11.0 years
20 kW $2.53 $35,406 $46,750 10.8 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
  • Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
  • Solar Panel Brands: Different companies have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Canton, MI Solar Cost FAQs

What is the average cost of installing solar panels in Canton?

The average cost of solar panels in Canton is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Canton?

Leasing solar panels can be an option if you can't 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 property 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.

How much can I save on energy bills after switching to solar?

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 $821.56 per year.

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 stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.

Follow us