Solar Panel Cost Guide in Flat Rock, MI (2025 Update)
- Flat Rock Solar Installation Cost: $17,224
- 25-Year Savings: $13,199
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in Flat Rock
Let’s have a look at the average cost of solar in Flat Rock.
Although the national average of solar panels is $2.66 per watt, solar panels in Flat Rock typically cost around 4.The average solar panel system size in Flat Rock is around 6.1 kilowatts, meaning a cost of about $17,224 for a solar installation, or $24,630 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will most likely vary based on the amount of energy your home requires and what company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Flat Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-15,831 |
| 3 years | $-13,047 |
| 5 years | $-10,262 |
| 7 years | $-7,477 |
| 9 years | $-4,693 |
| 11 years | $-1,908 |
| 13 years | $877 |
| 15 years | $3,661 |
| 17 years | $6,446 |
| 19 years | $9,231 |
| 21 years | $12,015 |
| 23 years | $14,800 |
| 25 years | $17,585 |
Top Solar Installers in Flat Rock
When switching to solar energy, many homeowners prefer to use a solar installer since overseeing your solar installation yourself can be a time-consuming project. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our recommendations for providers near you:
See all of the solar companies in Flat Rock
Factors that Affect Solar Panel Costs in Flat Rock
There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,060. There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Flat Rock provide solar loans, which reduce your upfront costs of installing solar.Even though solar loans make adopting solar energy more accessible for Flat Rock homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Flat Rock, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $7,135 | 17.8 years |
| 8 kW | $4.14 | $23,191 | $9,968 | 17.5 years |
| 10 kW | $4.06 | $28,420 | $13,029 | 17.1 years |
| 12 kW | $3.98 | $33,422 | $16,317 | 16.8 years |
| 14 kW | $3.90 | $38,196 | $19,832 | 16.5 years |
| 16 kW | $3.82 | $42,744 | $23,575 | 16.1 years |
| 18 kW | $3.74 | $47,064 | $27,545 | 15.8 years |
| 20 kW | $3.65 | $51,156 | $31,742 | 15.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
EcoWatch's Flat Rock, MI Solar Cost FAQs
How much does it cost to install solar panels in Flat Rock?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Flat Rock?
You can’t get solar panels for free in Flat Rock. However, you may still be able to install 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 will having solar panels impact my property value?
Solar panels can increase your property’s value 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 often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.