Solar Panel Cost Guide in Emmett, MI (2024 Update)
- Emmett Solar Installation Cost: $17,354
- 25-Year Savings: $22,485
- Payback Period: 12.6 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Emmett
Find out what the average cost of solar panel installation is in Emmett.
The national average cost of solar panels is $2.66 per watt, but in Emmett it’s 4 per watt.To account for the typical energy needs of the average home in Emmett, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,354, or $24,816 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you want to go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $21,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer in Emmett that can help you get a more accurate cost estimate for your home.
Solar savings over time in Emmett
Year | Return on Investment |
---|---|
1 years | $-16,101 |
3 years | $-13,593 |
5 years | $-11,086 |
7 years | $-8,579 |
9 years | $-6,071 |
11 years | $-3,564 |
13 years | $-1,056 |
15 years | $1,451 |
17 years | $3,958 |
19 years | $6,466 |
21 years | $8,973 |
23 years | $11,480 |
25 years | $13,988 |
Top Solar Installers in Emmett
When switching to solar energy, many homeowners opt to use a solar installer since installing solar panels yourself can be a difficult project. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Emmett
Factors that Affect Solar Panel Costs in Emmett
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Emmett: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Emmett average.
Solar Financing Terms
Many homeowners find the average cost of solar in Emmett to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — 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 choose a company that offers the products, warranties and services you want and also fits within 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 | $16,161 | 13.1 years |
8 kW | $4.14 | $23,191 | $22,002 | 12.8 years |
10 kW | $4.06 | $28,420 | $28,071 | 12.6 years |
12 kW | $3.98 | $33,422 | $34,368 | 12.3 years |
14 kW | $3.90 | $38,196 | $40,892 | 12.1 years |
16 kW | $3.82 | $42,744 | $47,643 | 11.8 years |
18 kW | $3.74 | $47,064 | $54,621 | 11.6 years |
20 kW | $3.65 | $51,156 | $61,827 | 11.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- 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 installer, such as what permits you should acquire and what the project timeline is.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Emmett, MI Solar Cost FAQs
What is the average cost of installing solar panels in Emmett?
The average cost of solar panels in Emmett is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Emmett?
A solar panel system isn’t free in Emmett, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Emmett?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need 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 get 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.