Solar Panel Cost Guide in Frankenmuth, MI (2025 Update)
- Frankenmuth Solar Installation Cost: $17,618
- 25-Year Savings: $16,321
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Frankenmuth
Find out what the average cost of installing solar panels is in Frankenmuth.
The national average cost of solar panels is $2.66 per watt, but in Frankenmuth it’s 4 per watt.The average solar panel system size in Frankenmuth is around 6.2 kilowatts, meaning a cost of about $17,618 for a solar installation, or $25,194 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may differ based on factors unique to your home and what company you want to go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Frankenmuth find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Frankenmuth
Year | Return on Investment |
---|---|
1 years | $-16,364 |
3 years | $-13,856 |
5 years | $-11,349 |
7 years | $-8,842 |
9 years | $-6,334 |
11 years | $-3,827 |
13 years | $-1,319 |
15 years | $1,188 |
17 years | $3,695 |
19 years | $6,203 |
21 years | $8,710 |
23 years | $11,217 |
25 years | $13,725 |
Top Solar Installers in Frankenmuth
Many homeowners opt for a solar panel installer since installing solar panels yourself can be a lot of work. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for your family.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Frankenmuth
Factors that Affect Solar Panel Costs in Frankenmuth
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
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 around $4,060. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Frankenmuth homeowners decide to finance their solar panel systems to make going solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Frankenmuth, and each can charge different amounts for labor and equipment.The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $9,865 | 16.1 years |
8 kW | $4.14 | $23,191 | $13,608 | 15.8 years |
10 kW | $4.06 | $28,420 | $17,579 | 15.4 years |
12 kW | $3.98 | $33,422 | $21,776 | 15.1 years |
14 kW | $3.90 | $38,196 | $26,202 | 14.8 years |
16 kW | $3.82 | $42,744 | $30,854 | 14.5 years |
18 kW | $3.74 | $47,064 | $35,734 | 14.2 years |
20 kW | $3.65 | $51,156 | $40,841 | 13.9 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the types 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: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Contract: Before you sign a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
EcoWatch's Frankenmuth, MI Solar Cost FAQs
How much does it cost to install solar panels in Frankenmuth?
This is a tough question to answer exactly, 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Frankenmuth?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go 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 solar panels."
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 typically produce about 250 to 400 watt-hours per hour, the average household 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.
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.