Solar Panel Cost Guide in Grass Lake, MI (2025 Update)
- Grass Lake Solar Installation Cost: $17,403
- 25-Year Savings: $21,643
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Grass Lake
We go over average solar pricing in Grass Lake.
The national average cost of solar panels is $2.66 per watt, but in Grass Lake it’s 4 per watt.The average Grass Lake homeowner needs a 6.1-kilowatt system, which would cost about $17,403 with the federal tax credit, or $24,886 before the 0 tax credit is applied.
How much you pay can go above or below the average in Grass Lake based on a few factors, such as the model of solar panels you choose and the solar installer you hire.Even with the large initial cost, the average Grass Lake homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Grass Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-16,149 |
| 3 years | $-13,642 |
| 5 years | $-11,135 |
| 7 years | $-8,627 |
| 9 years | $-6,120 |
| 11 years | $-3,612 |
| 13 years | $-1,105 |
| 15 years | $1,402 |
| 17 years | $3,910 |
| 19 years | $6,417 |
| 21 years | $8,925 |
| 23 years | $11,432 |
| 25 years | $13,939 |
Top Solar Installers in Grass Lake
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels on your own can be challenging. A solar installer can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you're looking for a solar company in Grass Lake, we've compiled a list of our top suggestions here:
See all of the solar companies in Grass Lake
Factors that Affect Solar Panel Costs in Grass Lake
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Grass Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Grass Lake, 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 consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $4,060 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.While solar loans make adopting solar energy more accessible for Grass Lake homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Grass Lake is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that offer a range of services at different price points.The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better 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 discount 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 | $15,275 | 13.4 years |
| 8 kW | $4.14 | $23,191 | $20,821 | 13.2 years |
| 10 kW | $4.06 | $28,420 | $26,594 | 12.9 years |
| 12 kW | $3.98 | $33,422 | $32,595 | 12.7 years |
| 14 kW | $3.90 | $38,196 | $38,824 | 12.4 years |
| 16 kW | $3.82 | $42,744 | $45,279 | 12.1 years |
| 18 kW | $3.74 | $47,064 | $51,962 | 11.9 years |
| 20 kW | $3.65 | $51,156 | $58,873 | 11.6 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
EcoWatch's Grass Lake, MI Solar Cost FAQs
What is the average cost of installing solar panels in Grass Lake?
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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Grass Lake?
You can’t get solar panels for free in Grass Lake. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Grass Lake is currently $324,509, so you can look forward to a value of about $13,305 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Grass Lake is a rewarding investment.
How long do solar panels last in Grass Lake?
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 the amount of energy they produce will have decreased significantly after that point. You can opt to 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.