Solar Panel Cost Guide in Georgetown, MI (Feb 2023)
- Georgetown Solar Installation Cost: $11,664
- 25-Year Savings: $22,840
- Payback Period: 8.5 Years
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Top Solar Installers in Georgetown
When switching to solar energy, many homeowners opt to go with a solar installer since putting up a solar system yourself can be a time-consuming project. Also, 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 repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Georgetown
Factors that Affect Solar Panel Costs in Georgetown
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Georgetown: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
When it comes to estimating the cost of a solar energy system in Georgetown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,810 for each additional kilowatt you need. The type of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond 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 for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Georgetown, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to consider that 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
A final factor to consider when trying to estimate the cost of solar for your home or business in Georgetown is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services at different costs. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better 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 down 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||$2.92||$12,274||$22,637||8.8 years|
|8 kW||$2.87||$16,051||$30,497||8.6 years|
|10 kW||$2.81||$19,670||$38,514||8.5 years|
|12 kW||$2.75||$23,132||$46,689||8.3 years|
|14 kW||$2.70||$26,436||$55,022||8.1 years|
|16 kW||$2.64||$29,584||$63,512||7.9 years|
|18 kW||$2.59||$32,574||$72,159||7.8 years|
|20 kW||$2.53||$35,406||$80,963||7.6 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- 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 Georgetown, MI Solar Cost FAQs
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.