Solar Panel Cost Guide in Deerfield, MI (2025 Update)
- Deerfield Solar Installation Cost: $17,632
- 25-Year Savings: $14,394
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Deerfield
See how much it might cost to switch to solar power in Deerfield.
In Deerfield, solar panels cost about 4 per watt on average.Using this figure, a typical 6.2-kW system would cost about $17,632 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Deerfield see about $16,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Deerfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,275 |
| 3 years | $-13,559 |
| 5 years | $-10,844 |
| 7 years | $-8,129 |
| 9 years | $-5,413 |
| 11 years | $-2,698 |
| 13 years | $18 |
| 15 years | $2,733 |
| 17 years | $5,448 |
| 19 years | $8,164 |
| 21 years | $10,879 |
| 23 years | $13,594 |
| 25 years | $16,310 |
Top Solar Installers in Deerfield
Although it's possible to install solar panels on your own, it involves extra energy and expertise. For that reason, most people choose to go with a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you go with a solar company too, which can save you more money over time.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Deerfield
Factors that Affect Solar Panel Costs in Deerfield
The cost of installing a solar system in Deerfield can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,060. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking 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
Many homeowners find the average cost of solar in Deerfield to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Deerfield, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
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 | $7,988 | 17.2 years |
| 8 kW | $4.14 | $23,191 | $11,106 | 16.9 years |
| 10 kW | $4.06 | $28,420 | $14,451 | 16.6 years |
| 12 kW | $3.98 | $33,422 | $18,023 | 16.2 years |
| 14 kW | $3.90 | $38,196 | $21,823 | 15.9 years |
| 16 kW | $3.82 | $42,744 | $25,850 | 15.6 years |
| 18 kW | $3.74 | $47,064 | $30,104 | 15.2 years |
| 20 kW | $3.65 | $51,156 | $34,585 | 14.9 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Contract: Review the contract terms closely to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
EcoWatch's Deerfield, MI Solar Cost FAQs
What is the average cost of installing solar panels in Deerfield?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Deerfield is currently $192,598, which means you could be looking at a value of about $7,897 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Deerfield is a worthwhile investment.
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 their energy production will have decreased significantly after that point. You can decide to replace them after having 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.