Solar Panel Cost Guide in Denton, MI (2023 Update)
- Denton Solar Installation Cost: $12,275
- 25-Year Savings: $23,029
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Denton
Let's have a look at the average cost of solar in Denton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Denton, the typical cost of solar panels is 2.81 per watt. To account for the typical energy needs of the average home in Denton, most homeowners require a 6.2-kilowatt system. Using the figure above, a solar installation costs around $12,274, or $17,552 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and how much solar costs for you will differ based on your energy needs and what company you choose to go with. With average savings of about $21,000 on electricity bills over 20 years, many homeowners in Denton find installing solar panels can pay off big.
You can click the button below to get connected with a top solar company in Denton for a quote for your home.
Solar savings over time in Denton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,021 |
| 3 years | $-8,514 |
| 5 years | $-6,006 |
| 7 years | $-3,499 |
| 9 years | $-992 |
| 11 years | $1,516 |
| 13 years | $4,023 |
| 15 years | $6,531 |
| 17 years | $9,038 |
| 19 years | $11,545 |
| 21 years | $14,053 |
| 23 years | $16,560 |
| 25 years | $19,067 |
Top Solar Installers in Denton
When going solar, many homeowners choose to go with a solar installer since installing a solar system yourself can be a time-consuming project. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Denton
Factors that Affect Solar Panel Costs in Denton
The cost of installing a solar system in Denton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Denton, one of the most important 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 determine by looking at past energy bills. Your total cost can increase by about $2,810 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Denton homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your total costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Denton, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The company's size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater 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 companies.
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 | $21,670 | 9.0 years |
| 8 kW | $2.87 | $16,051 | $29,208 | 8.9 years |
| 10 kW | $2.81 | $19,670 | $36,903 | 8.7 years |
| 12 kW | $2.75 | $23,132 | $44,756 | 8.5 years |
| 14 kW | $2.70 | $26,436 | $52,766 | 8.3 years |
| 16 kW | $2.64 | $29,584 | $60,934 | 8.2 years |
| 18 kW | $2.59 | $32,574 | $69,259 | 8.0 years |
| 20 kW | $2.53 | $35,406 | $77,741 | 7.8 years |
How to Save on Solar Panels
There are a lot of 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:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Denton, MI Solar Cost FAQs
How much does it cost to install solar panels in Denton?
The average cost of solar panels in Denton 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 use.
What other factors should I consider other than cost 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.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.