Solar Panel Cost Guide in Conway, MI (2024 Update)
- Conway Solar Installation Cost: $17,582
- 25-Year Savings: $16,620
- Payback Period: 15.3 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Conway
Find out what the average cost of solar panels are in Conway.
The national average cost of solar panels is $2.66 per watt, but in Conway it’s 4 per watt.The average solar panel system size in Conway is around 6.2 kilowatts, meaning a cost of about $17,582 for a solar installation, or $25,142 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Conway homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar panels is worth paying. On average Conway homeowners see about $18,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Conway for a quote for your home.
Solar savings over time in Conway
Year | Return on Investment |
---|---|
1 years | $-16,328 |
3 years | $-13,821 |
5 years | $-11,313 |
7 years | $-8,806 |
9 years | $-6,299 |
11 years | $-3,791 |
13 years | $-1,284 |
15 years | $1,224 |
17 years | $3,731 |
19 years | $6,238 |
21 years | $8,746 |
23 years | $11,253 |
25 years | $13,761 |
Top Solar Installers in Conway
Many homeowners choose to use a solar installer since trying to install solar panels yourself can be a lot of work. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to 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:
Best National Provider
SunPower
- 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
- 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 Conway
Factors that Affect Solar Panel Costs in Conway
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Conway: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,060. The brand of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average.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 a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Conway, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,187 | 15.9 years |
8 kW | $4.14 | $23,191 | $14,037 | 15.6 years |
10 kW | $4.06 | $28,420 | $18,114 | 15.3 years |
12 kW | $3.98 | $33,422 | $22,419 | 15.0 years |
14 kW | $3.90 | $38,196 | $26,952 | 14.7 years |
16 kW | $3.82 | $42,744 | $31,711 | 14.4 years |
18 kW | $3.74 | $47,064 | $36,698 | 14.0 years |
20 kW | $3.65 | $51,156 | $41,913 | 13.7 years |
How to Save on Solar Panels
There are numerous companies available in Conway, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you’d like plays a role in which installer you should go with, since different companies have access to different panels.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best National Provider
SunPower
- 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
- 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 Conway, MI Solar Cost FAQs
How much does it cost to install solar panels in Conway?
The average cost of solar panels in Conway 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 things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Conway?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.