Solar Panel Cost Guide in Dundee, MI (2023 Update)
- Dundee Solar Installation Cost: $11,815
- 25-Year Savings: $17,399
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Dundee
Let's have a look at the average cost of solar panels in Dundee.
Although the national average of solar panels is $2.66 per watt, solar panels in Dundee typically cost around 2.81. Using this figure, a typical 6.0-kW system would cost about $11,822 before the 30% federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Dundee depending on several factors, such as the model of solar panels you choose and the solar contractor you hire. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Dundee find installing solar panels can pay off big.
To receive a free quote from a vetted solar company in Dundee, you can click the button below.
Solar savings over time in Dundee
| Year | Return on Investment |
|---|---|
| 1 years | $-10,534 |
| 3 years | $-7,971 |
| 5 years | $-5,408 |
| 7 years | $-2,845 |
| 9 years | $-282 |
| 11 years | $2,281 |
| 13 years | $4,844 |
| 15 years | $7,406 |
| 17 years | $9,969 |
| 19 years | $12,532 |
| 21 years | $15,095 |
| 23 years | $17,658 |
| 25 years | $20,221 |
Top Solar Installers in Dundee
Although you can install solar panels by yourself, it takes extra effort and expertise. That's one of the reasons most people choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you're searching for a solar installer in Dundee, the EcoWatch team has organized a list of our top suggestions here:
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 Dundee
Factors that Affect Solar Panel Costs in Dundee
Though the average cost of a solar system in Dundee is $11,822, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you choose 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Dundee, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only 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 remarkably.
Solar Panel Installation Company
The solar installer you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $16,907 | 10.5 years |
| 8 kW | $2.87 | $16,051 | $22,858 | 10.3 years |
| 10 kW | $2.81 | $19,670 | $28,966 | 10.1 years |
| 12 kW | $2.75 | $23,132 | $35,231 | 9.9 years |
| 14 kW | $2.70 | $26,436 | $41,654 | 9.7 years |
| 16 kW | $2.64 | $29,584 | $48,234 | 9.5 years |
| 18 kW | $2.59 | $32,574 | $54,971 | 9.3 years |
| 20 kW | $2.53 | $35,406 | $61,866 | 9.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Dundee, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
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 Dundee, MI Solar Cost FAQs
What is the average cost of installing solar panels in Dundee?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Dundee?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is going solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 account for 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.