Solar Panel Cost Guide in Coloma, MI (2025 Update)

  • Coloma Solar Installation Cost: $16,836
  • 25-Year Savings: $19,377
  • Payback Period: 13.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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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 Coloma

Find out what the average cost of solar panels are in Coloma.

In Coloma, solar panels cost about 4 per watt on average.The average Coloma homeowner needs a 5.9-kilowatt system, which would cost about $16,836 with the federal tax credit, or $24,075 before the 0 tax credit is applied.

These figures are just estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on electricity bills.

To get a free quote from a highly rated solar installation company in Coloma, you can click the button below.

Solar savings over time in Coloma

YearReturn on Investment
1 years$-15,597
3 years$-13,119
5 years$-10,641
7 years$-8,162
9 years$-5,684
11 years$-3,206
13 years$-728
15 years$1,750
17 years$4,228
19 years$6,706
21 years$9,184
23 years$11,663
25 years$14,141

Top Solar Installers in Coloma

Installing solar panels on your own can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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See all of the solar companies in Coloma

Factors that Affect Solar Panel Costs in Coloma

There are many criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

When it comes to estimating the price of a solar panel system in Coloma, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $4,060 for each additional kilowatt you need.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Coloma homeowners decide to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

Lastly, the company you get to install your solar panels can affect the cost. Coloma’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Coloma are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$4.22$17,734$13,69314.1 years
8 kW$4.14$23,191$18,71213.8 years
10 kW$4.06$28,420$23,95913.6 years
12 kW$3.98$33,422$29,43313.3 years
14 kW$3.90$38,196$35,13413.0 years
16 kW$3.82$42,744$41,06312.8 years
18 kW$3.74$47,064$47,21912.5 years
20 kW$3.65$51,156$53,60212.2 years

How to Save on Solar Panels

There are many companies to choose from in Coloma, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
  • Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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EcoWatch's Coloma, MI Solar Cost FAQs

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

The average cost of solar panels in Coloma is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider other than cost when buying solar panels?

The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

How much can I save on electricity bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,047.58 per year.

How long do solar panels last in Coloma?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose 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.