Solar Panel Cost Guide in Grand Blanc, MI (2024 Update)
- Grand Blanc Solar Installation Cost: $17,718
- 25-Year Savings: $17,222
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Grand Blanc
See how much it might cost to make the switch to solar in Grand Blanc.
The national average cost of solar panels is $2.66 per watt, but in Grand Blanc it’s 4 per watt.Since a 6.2-kW system is needed to cover the energy needs of a typical home in Grand Blanc, the average price of going solar will be about $17,718 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with.For many homeowners, the upfront investment in solar power is worth paying. On average Grand Blanc homeowners see about $18,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Grand Blanc that can help you get a more accurate cost estimate for your home.
Solar savings over time in Grand Blanc
| Year | Return on Investment |
|---|---|
| 1 years | $-16,464 |
| 3 years | $-13,957 |
| 5 years | $-11,449 |
| 7 years | $-8,942 |
| 9 years | $-6,434 |
| 11 years | $-3,927 |
| 13 years | $-1,420 |
| 15 years | $1,088 |
| 17 years | $3,595 |
| 19 years | $6,103 |
| 21 years | $8,610 |
| 23 years | $11,117 |
| 25 years | $13,625 |
Top Solar Installers in Grand Blanc
When making the switch to solar, many homeowners prefer to use a solar company since overseeing your solar installation yourself can be a difficult project. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be right for your family.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Grand Blanc
Factors that Affect Solar Panel Costs in Grand Blanc
The cost of installing a solar system in Grand Blanc can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Grand Blanc, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $4,060 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Grand Blanc provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Grand Blanc, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also fit into your budget.
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 | $10,643 | 15.6 years |
| 8 kW | $4.14 | $23,191 | $14,645 | 15.3 years |
| 10 kW | $4.06 | $28,420 | $18,874 | 15.0 years |
| 12 kW | $3.98 | $33,422 | $23,331 | 14.7 years |
| 14 kW | $3.90 | $38,196 | $28,016 | 14.4 years |
| 16 kW | $3.82 | $42,744 | $32,928 | 14.1 years |
| 18 kW | $3.74 | $47,064 | $38,067 | 13.8 years |
| 20 kW | $3.65 | $51,156 | $43,433 | 13.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which installer you should go with, since different companies offer different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
EcoWatch's Grand Blanc, MI Solar Cost FAQs
What is the average cost of installing solar panels in Grand Blanc?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other 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 go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Grand Blanc?
A solar panel system isn’t free in Grand Blanc, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your property value?
Solar panels can increase your property’s value considerably 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 often do you have to replace solar panels?
Even 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 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.