Solar Panel Cost Guide in Hadley, MI (2023 Update)
- Hadley Solar Installation Cost: $12,195
- 25-Year Savings: $14,379
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hadley
We go over average solar pricing in Hadley.
The national average cost of solar panels is $2.66 per watt, but in Hadley it's 2.81 per watt. The average solar panel system size in Hadley is around 6.2 kilowatts, meaning a cost of about $12,195 for a solar installation, or $17,439 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you want to go with. With average savings of about $16,000 on utility bills over 20 years, many homeowners in Hadley find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar panel company in Hadley for a customized quote.
Solar savings over time in Hadley
| Year | Return on Investment |
|---|---|
| 1 years | $-11,132 |
| 3 years | $-9,006 |
| 5 years | $-6,880 |
| 7 years | $-4,754 |
| 9 years | $-2,628 |
| 11 years | $-503 |
| 13 years | $1,623 |
| 15 years | $3,749 |
| 17 years | $5,875 |
| 19 years | $8,001 |
| 21 years | $10,127 |
| 23 years | $12,253 |
| 25 years | $14,379 |
Top Solar Installers in Hadley
When going solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a time-consuming project. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Hadley
Factors that Affect Solar Panel Costs in Hadley
There are several criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,810. The type of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Hadley homeowners opt to finance their solar panel systems to make paying for solar more affordable. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence your pricing. Hadley's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have 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 | $13,426 | 11.9 years |
| 8 kW | $2.87 | $16,051 | $18,216 | 11.7 years |
| 10 kW | $2.81 | $19,670 | $23,163 | 11.5 years |
| 12 kW | $2.75 | $23,132 | $28,268 | 11.3 years |
| 14 kW | $2.70 | $26,436 | $33,530 | 11.0 years |
| 16 kW | $2.64 | $29,584 | $38,950 | 10.8 years |
| 18 kW | $2.59 | $32,574 | $44,527 | 10.6 years |
| 20 kW | $2.53 | $35,406 | $50,261 | 10.3 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 satisfied reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Hadley, MI Solar Cost FAQs
What is the average cost of installing solar panels in Hadley?
The average cost of solar panels in Hadley is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Hadley have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.