Solar Panel Cost Guide in Groveland, MI (2023 Update)
- Groveland Solar Installation Cost: $12,151
- 25-Year Savings: $15,515
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Groveland
We go over average solar pricing in Groveland.
In Groveland, solar panels cost about 2.81 per watt on average. The average solar panel system size in Groveland is around 6.2 kilowatts, meaning a cost of about $12,156 for a solar installation, or $17,383 before the 30% federal solar tax credit is applied.
The true price you pay can go above or below the average in Groveland depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Groveland see about $17,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Groveland
| Year | Return on Investment |
|---|---|
| 1 years | $-10,851 |
| 3 years | $-8,251 |
| 5 years | $-5,651 |
| 7 years | $-3,051 |
| 9 years | $-451 |
| 11 years | $2,148 |
| 13 years | $4,748 |
| 15 years | $7,348 |
| 17 years | $9,948 |
| 19 years | $12,548 |
| 21 years | $15,147 |
| 23 years | $17,747 |
| 25 years | $20,347 |
Top Solar Installers in Groveland
Although it's possible to install solar panels on your own, it involves extra labor and handiness. That's why most homeowners choose to hire a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Groveland
Factors that Affect Solar Panel Costs in Groveland
For many Groveland homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Groveland, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,810. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Groveland to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. You'll have to consider the long-term cost of loans, including the amount of 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Groveland is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that provide a range of services at different costs. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $14,598 | 11.4 years |
| 8 kW | $2.87 | $16,051 | $19,779 | 11.2 years |
| 10 kW | $2.81 | $19,670 | $25,117 | 11.0 years |
| 12 kW | $2.75 | $23,132 | $30,612 | 10.8 years |
| 14 kW | $2.70 | $26,436 | $36,265 | 10.5 years |
| 16 kW | $2.64 | $29,584 | $42,075 | 10.3 years |
| 18 kW | $2.59 | $32,574 | $48,042 | 10.1 years |
| 20 kW | $2.53 | $35,406 | $54,167 | 9.9 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar installer, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Groveland, MI Solar Cost FAQs
What is the average cost of installing solar panels in Groveland?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient 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 efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Groveland?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.