Solar Panel Cost Guide in Hagar, MI (2023 Update)
- Hagar Solar Installation Cost: $11,652
- 25-Year Savings: $19,377
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hagar
Find out how much it might cost to go solar in Hagar.
While the national average of solar panels is $2.66 per watt, solar panels in Hagar typically cost around 2.81. The average solar panel system size in Hagar is around 5.9 kilowatts, meaning a cost of about $11,645 for a solar installation, or $16,652 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. For most homeowners, the upfront investment in solar panels is worth paying. On average Hagar homeowners see about $20,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar installer in Hagar for a personalized estimate.
Solar savings over time in Hagar
| Year | Return on Investment |
|---|---|
| 1 years | $-11,549 |
| 3 years | $-11,342 |
| 5 years | $-11,135 |
| 7 years | $-10,928 |
| 9 years | $-10,722 |
| 11 years | $-10,515 |
| 13 years | $-10,308 |
| 15 years | $-10,101 |
| 17 years | $-9,894 |
| 19 years | $-9,687 |
| 21 years | $-9,480 |
| 23 years | $-9,274 |
| 25 years | $-9,067 |
Top Solar Installers in Hagar
Trying to put up solar panels by yourself can be a stressful undertaking, which is why using a solar installation company is a good option for many homeowners. Some solar companies, especially local ones, can help you better understand incentives in Hagar, therefore optimizing your ROI.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Hagar
Factors that Affect Solar Panel Costs in Hagar
There are a number of criteria that can play into your solar system 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
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,810. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Hagar average.
Solar Financing Terms
Most solar companies in Hagar provide solar loans, which reduce the initial cost of installing solar panels. While solar loans make adopting solar energy more accessible for Hagar homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Hagar, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk 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 down 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 | $2.92 | $12,274 | $19,153 | 9.8 years |
| 8 kW | $2.87 | $16,051 | $25,852 | 9.6 years |
| 10 kW | $2.81 | $19,670 | $32,709 | 9.4 years |
| 12 kW | $2.75 | $23,132 | $39,723 | 9.2 years |
| 14 kW | $2.70 | $26,436 | $46,894 | 9.0 years |
| 16 kW | $2.64 | $29,584 | $54,223 | 8.8 years |
| 18 kW | $2.59 | $32,574 | $61,709 | 8.6 years |
| 20 kW | $2.53 | $35,406 | $69,352 | 8.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
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 Hagar, MI Solar Cost FAQs
What is the average cost of installing solar panels in Hagar?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Hagar?
Solar panels aren't free in Hagar, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Hagar have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 how much 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 buy 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.