Solar Panel Cost Guide in Frankenlust, MI (2025 Update)
- Frankenlust Solar Installation Cost: $17,495
- 25-Year Savings: $21,970
- Payback Period: 12.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Frankenlust
Find out what the average cost of solar panels are in Frankenlust.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Frankenlust, the average cost of a solar system is 4 per watt.To account for the typical energy needs of the average home in Frankenlust, most homeowners require a 6.2-kilowatt system. Using the figure above, a solar installation costs around $17,495, or $25,018 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what company you go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $21,000 over 20 years on energy bills.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Frankenlust
| Year | Return on Investment |
|---|---|
| 1 years | $-16,241 |
| 3 years | $-13,734 |
| 5 years | $-11,226 |
| 7 years | $-8,719 |
| 9 years | $-6,212 |
| 11 years | $-3,704 |
| 13 years | $-1,197 |
| 15 years | $1,311 |
| 17 years | $3,818 |
| 19 years | $6,325 |
| 21 years | $8,833 |
| 23 years | $11,340 |
| 25 years | $13,848 |
Top Solar Installers in Frankenlust
Many homeowners choose to hire a solar installation company since trying to install solar panels on your own can be hard. In addition, if you’d like to maximize your investment in solar energy, opting for a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers in Frankenlust:
See all of the solar companies in Frankenlust
Factors that Affect Solar Panel Costs in Frankenlust
For many Frankenlust homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Frankenlust, 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 for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $4,060. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get 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
Many homeowners find the average cost of solar in Frankenlust to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.However, the interest on solar loans also adds to your all-in costs, so it’s important to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Frankenlust, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $4.22 | $17,734 | $15,482 | 13.3 years |
| 8 kW | $4.14 | $23,191 | $21,097 | 13.1 years |
| 10 kW | $4.06 | $28,420 | $26,940 | 12.8 years |
| 12 kW | $3.98 | $33,422 | $33,010 | 12.6 years |
| 14 kW | $3.90 | $38,196 | $39,307 | 12.3 years |
| 16 kW | $3.82 | $42,744 | $45,832 | 12.1 years |
| 18 kW | $3.74 | $47,064 | $52,584 | 11.8 years |
| 20 kW | $3.65 | $51,156 | $59,563 | 11.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: One of the most important things 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 how long the project will take.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
EcoWatch's Frankenlust, MI Solar Cost FAQs
What is the average cost of installing solar panels in Frankenlust?
This is a difficult question to answer precisely, 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 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 cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value significantly 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% with a solar installation."
How long do solar panels last in Frankenlust?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.