Solar Panel Cost Guide in DeWitt, MI (2023 Update)
- DeWitt Solar Installation Cost: $12,153
- 25-Year Savings: $21,643
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in DeWitt
We break down average solar pricing in DeWitt.
The average cost of solar panels in DeWitt is 2.81 per watt. To account for the typical energy needs of the average home in DeWitt, most homeowners require a 6.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,156, or $17,383 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar panels you want to get, your solar contractor and more. For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $21,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in DeWitt for a quote for your home.
Solar savings over time in DeWitt
| Year | Return on Investment |
|---|---|
| 1 years | $-10,899 |
| 3 years | $-8,392 |
| 5 years | $-5,884 |
| 7 years | $-3,377 |
| 9 years | $-870 |
| 11 years | $1,638 |
| 13 years | $4,145 |
| 15 years | $6,653 |
| 17 years | $9,160 |
| 19 years | $11,667 |
| 21 years | $14,175 |
| 23 years | $16,682 |
| 25 years | $19,190 |
Top Solar Installers in DeWitt
Installing solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what type of solar equipment you need.
If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers in DeWitt:
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 DeWitt
Factors that Affect Solar Panel Costs in DeWitt
The cost of installing a solar system in DeWitt can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,810. The model of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in DeWitt, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in DeWitt, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most considerable role in the cost. 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 | $20,546 | 9.3 years |
| 8 kW | $2.87 | $16,051 | $27,709 | 9.2 years |
| 10 kW | $2.81 | $19,670 | $35,030 | 9.0 years |
| 12 kW | $2.75 | $23,132 | $42,508 | 8.8 years |
| 14 kW | $2.70 | $26,436 | $50,143 | 8.6 years |
| 16 kW | $2.64 | $29,584 | $57,936 | 8.5 years |
| 18 kW | $2.59 | $32,574 | $65,886 | 8.3 years |
| 20 kW | $2.53 | $35,406 | $73,994 | 8.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 DeWitt, MI Solar Cost FAQs
What is the average cost of installing solar panels in DeWitt?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,050 for a 5-kW system and $28,100 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 above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in DeWitt?
A solar panel system isn't free in DeWitt, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on electricity bills after installing solar panels?
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 $1,094.00 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.