Solar Panel Cost Guide in East China, MI (2025 Update)
- East China Solar Installation Cost: $16,921
- 25-Year Savings: $13,409
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in East China
We break down average solar pricing in East China.
The average cost of solar panels in East China is 4 per watt.To account for the typical energy usage of the average home in East China, most homeowners require a 6.0-kilowatt system. Using the figure above, a solar installation costs around $16,921, or $24,197 before the federal solar tax credit of 0 is applied.
The actual price you pay can be higher or lower than the average in East China based on several factors, such as the type of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on utility bills.
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Solar savings over time in East China
| Year | Return on Investment |
|---|---|
| 1 years | $-15,529 |
| 3 years | $-12,744 |
| 5 years | $-9,959 |
| 7 years | $-7,175 |
| 9 years | $-4,390 |
| 11 years | $-1,605 |
| 13 years | $1,179 |
| 15 years | $3,964 |
| 17 years | $6,749 |
| 19 years | $9,533 |
| 21 years | $12,318 |
| 23 years | $15,103 |
| 25 years | $17,887 |
Top Solar Installers in East China
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using an installer can make switching to solar power much easier. Some solar companies, especially local ones, can help you take advantage of incentives in East China, optimizing your ROI.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our suggestions for providers near you:
See all of the solar companies in East China
Factors that Affect Solar Panel Costs in East China
For many East China homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in East China, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,060.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the East China average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many East China homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in East China, and each can charge different amounts for labor and equipment.Additionally, some companies in East China have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $7,580 | 17.5 years |
| 8 kW | $4.14 | $23,191 | $10,562 | 17.2 years |
| 10 kW | $4.06 | $28,420 | $13,770 | 16.8 years |
| 12 kW | $3.98 | $33,422 | $17,206 | 16.5 years |
| 14 kW | $3.90 | $38,196 | $20,870 | 16.2 years |
| 16 kW | $3.82 | $42,744 | $24,761 | 15.8 years |
| 18 kW | $3.74 | $47,064 | $28,879 | 15.5 years |
| 20 kW | $3.65 | $51,156 | $33,225 | 15.2 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. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- 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 sign of a quality company.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
EcoWatch's East China, MI Solar Cost FAQs
How much does it cost to install solar panels in East China?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in East China?
You can’t get solar panels for free in East China. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $843.81 per year.
How long do solar panels last in East China?
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 amount 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.