Solar Panel Cost Guide in Grosse Ile, MI (2024 Update)
- Grosse Ile Solar Installation Cost: $17,379
- 25-Year Savings: $14,605
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Grosse Ile
We go over average solar pricing in Grosse Ile.
The national average cost of solar panels is $2.66 per watt, but in Grosse Ile it’s 4 per watt.The average solar panel system size in Grosse Ile is around 6.1 kilowatts, meaning a cost of about $17,379 for a solar installation, or $24,852 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Grosse Ile based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Despite the large upfront cost, the average Grosse Ile homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
To receive a free quote from a vetted solar installer in Grosse Ile, you can click the button below.
Solar savings over time in Grosse Ile
| Year | Return on Investment |
|---|---|
| 1 years | $-15,987 |
| 3 years | $-13,202 |
| 5 years | $-10,417 |
| 7 years | $-7,633 |
| 9 years | $-4,848 |
| 11 years | $-2,063 |
| 13 years | $721 |
| 15 years | $3,506 |
| 17 years | $6,291 |
| 19 years | $9,075 |
| 21 years | $11,860 |
| 23 years | $14,645 |
| 25 years | $17,429 |
Top Solar Installers in Grosse Ile
Although you can install solar panels yourself, it takes extra energy and knowledge. Because of that, most homeowners choose to go with a solar panel installer. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you’d like to go solar but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Grosse Ile
Factors that Affect Solar Panel Costs in Grosse Ile
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Grosse Ile: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Grosse Ile, one of the most crucial 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 electricity bills. Your overall cost can increase by about $4,060 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Grosse Ile, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Grosse Ile have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $4.22 | $17,734 | $8,398 | 17.0 years |
| 8 kW | $4.14 | $23,191 | $11,652 | 16.6 years |
| 10 kW | $4.06 | $28,420 | $15,133 | 16.3 years |
| 12 kW | $3.98 | $33,422 | $18,842 | 16.0 years |
| 14 kW | $3.90 | $38,196 | $22,778 | 15.7 years |
| 16 kW | $3.82 | $42,744 | $26,942 | 15.3 years |
| 18 kW | $3.74 | $47,064 | $31,333 | 15.0 years |
| 20 kW | $3.65 | $51,156 | $35,951 | 14.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Grosse Ile, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- 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.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- 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 most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
EcoWatch's Grosse Ile, MI Solar Cost FAQs
How much does it cost to install solar panels in Grosse Ile?
This is a hard question to answer exactly, 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 above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Grosse Ile?
Solar panels aren’t free in Grosse Ile, 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 further reduce the cost.
Does Grosse Ile have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Grosse Ile?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much 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 keep using 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.