Solar Panel Cost Guide in Fruitport, MI (2024 Update)
- Fruitport Solar Installation Cost: $16,349
- 25-Year Savings: $23,189
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Fruitport
Let’s take a look at the average cost of solar panels in Fruitport.
While the national average of solar panels is $2.66 per watt, solar panels in Fruitport typically cost around 4.The average solar panel system size in Fruitport is around 5.8 kilowatts, meaning a cost of about $16,349 for a solar installation, or $23,379 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Fruitport homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $23,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar company in Fruitport for a personalized quote.
Solar savings over time in Fruitport
| Year | Return on Investment |
|---|---|
| 1 years | $-15,095 |
| 3 years | $-12,587 |
| 5 years | $-10,080 |
| 7 years | $-7,573 |
| 9 years | $-5,065 |
| 11 years | $-2,558 |
| 13 years | $-50 |
| 15 years | $2,457 |
| 17 years | $4,964 |
| 19 years | $7,472 |
| 21 years | $9,979 |
| 23 years | $12,486 |
| 25 years | $14,994 |
Top Solar Installers in Fruitport
When going solar, many homeowners opt to go with a solar installer since handling can be a time-consuming project. In addition, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you're searching for a solar installer in Fruitport, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Fruitport
Factors that Affect Solar Panel Costs in Fruitport
For many Fruitport homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Fruitport, with typical prices between $20,000 to $40,000. There are numerous factors that significantly 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 significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Fruitport, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Fruitport offer solar loans, which reduce your upfront costs of installing solar.While solar loans make adopting solar energy more accessible for Fruitport homeowners, they can also raise 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
Finally, the company you hire to install your solar panel system can play a part in determining how much you pay. Fruitport’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Fruitport are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $18,255 | 12.3 years |
| 8 kW | $4.14 | $23,191 | $24,794 | 12.1 years |
| 10 kW | $4.06 | $28,420 | $31,561 | 11.8 years |
| 12 kW | $3.98 | $33,422 | $38,556 | 11.6 years |
| 14 kW | $3.90 | $38,196 | $45,778 | 11.4 years |
| 16 kW | $3.82 | $42,744 | $53,227 | 11.1 years |
| 18 kW | $3.74 | $47,064 | $60,903 | 10.9 years |
| 20 kW | $3.65 | $51,156 | $68,807 | 10.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
EcoWatch's Fruitport, MI Solar Cost FAQs
What is the average cost of installing solar panels in Fruitport?
The average cost of solar panels in Fruitport 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 model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Fruitport?
A solar panel system isn’t free in Fruitport, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Fruitport?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.