Solar Panel Cost Guide in Exeter, MI (2025 Update)
- Exeter Solar Installation Cost: $17,071
- 25-Year Savings: $13,305
- Payback Period: 17.0 Years
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Average Cost of Solar Panels in Exeter
Find out what the average cost of solar panel installation is in Exeter.
In Exeter, solar panels cost about 4 per watt on average.Using this figure, a typical 6.0-kW system would cost about $17,071 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Exeter homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Exeter can save around $16,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Exeter
| Year | Return on Investment |
|---|---|
| 1 years | $-15,678 |
| 3 years | $-12,894 |
| 5 years | $-10,109 |
| 7 years | $-7,324 |
| 9 years | $-4,540 |
| 11 years | $-1,755 |
| 13 years | $1,030 |
| 15 years | $3,814 |
| 17 years | $6,599 |
| 19 years | $9,384 |
| 21 years | $12,168 |
| 23 years | $14,953 |
| 25 years | $17,738 |
Top Solar Installers in Exeter
Although you can install solar panels on your own, it takes extra time and know-how. For that reason, almost all homeowners choose to go with a solar panel installer. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Exeter
Factors that Affect Solar Panel Costs in Exeter
For many Exeter homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Exeter, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. The brand of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. 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 into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Exeter have solar loans, which reduce your upfront costs of installing solar.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 a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can impact how much it costs. Exeter’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk 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 names.
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 | $7,358 | 17.7 years |
| 8 kW | $4.14 | $23,191 | $10,265 | 17.3 years |
| 10 kW | $4.06 | $28,420 | $13,400 | 17.0 years |
| 12 kW | $3.98 | $33,422 | $16,762 | 16.6 years |
| 14 kW | $3.90 | $38,196 | $20,352 | 16.3 years |
| 16 kW | $3.82 | $42,744 | $24,168 | 16.0 years |
| 18 kW | $3.74 | $47,064 | $28,213 | 15.6 years |
| 20 kW | $3.65 | $51,156 | $32,484 | 15.3 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should opt for, since different companies provide different panels.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
EcoWatch's Exeter, MI Solar Cost FAQs
How much does it cost to install solar panels in Exeter?
The average cost of solar panels in Exeter 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Exeter?
You can’t get solar panels for free in Exeter. 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 prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.