Solar Panel Cost Guide in Grattan, MI (2023 Update)
- Grattan Solar Installation Cost: $12,156
- 25-Year Savings: $22,256
- Payback Period: 8.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Grattan
Let's have a look at the average cost of solar in Grattan.
Although the national average of solar panels is $2.66 per watt, solar panels in Grattan generally cost about 2.81. Since a 6.2-kW system is needed to cover the energy costs of a typical home in Grattan, the average price of going solar will be about $12,156 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you may vary based on your energy needs and what company you want to go with. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Grattan find installing solar panels can pay off big.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Grattan
| Year | Return on Investment |
|---|---|
| 1 years | $-10,780 |
| 3 years | $-8,027 |
| 5 years | $-5,274 |
| 7 years | $-2,521 |
| 9 years | $232 |
| 11 years | $2,985 |
| 13 years | $5,738 |
| 15 years | $8,491 |
| 17 years | $11,244 |
| 19 years | $13,997 |
| 21 years | $16,750 |
| 23 years | $19,503 |
| 25 years | $22,256 |
Top Solar Installers in Grattan
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be challenging. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your family.
If you're on the hunt for a solar company in Grattan, we've compiled a list of our top suggestions here:
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
See all of the solar companies in Grattan
Factors that Affect Solar Panel Costs in Grattan
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,810 per kilowatt in Grattan. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Grattan average.
Solar Financing Terms
Most solar companies in Grattan have solar loans, which reduce the initial cost of installing solar panels. Though solar loans make adopting solar energy more accessible for Grattan homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Grattan have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $2.92 | $12,274 | $21,160 | 9.2 years |
| 8 kW | $2.87 | $16,051 | $28,527 | 9.0 years |
| 10 kW | $2.81 | $19,670 | $36,053 | 8.8 years |
| 12 kW | $2.75 | $23,132 | $43,735 | 8.6 years |
| 14 kW | $2.70 | $26,436 | $51,575 | 8.5 years |
| 16 kW | $2.64 | $29,584 | $59,573 | 8.3 years |
| 18 kW | $2.59 | $32,574 | $67,727 | 8.1 years |
| 20 kW | $2.53 | $35,406 | $76,039 | 7.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- Outstanding customer service
- Representatives are experts on local policies
- Educational, no-pressure sales approach
- Limited warranty coverage
- No leases or PPAs
- Limited brands of solar equipment available
EcoWatch's Grattan, MI Solar Cost FAQs
What is the average cost of installing solar panels in Grattan?
The average cost of solar panels in Grattan is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although 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 their energy production will have decreased significantly after that point. You can decide 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.
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.