Solar Panel Cost Guide in Haring, MI (2024 Update)
- Haring Solar Installation Cost: $17,880
- 25-Year Savings: $21,439
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Haring
Find out what the average cost of solar panels are in Haring.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Haring, the typical cost of solar panels is 4 per watt.The average solar panel system size in Haring is around 6.3 kilowatts, meaning a cost of about $17,880 for a solar installation, or $25,568 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Haring can save around $20,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a personalized estimate.
Solar savings over time in Haring
| Year | Return on Investment |
|---|---|
| 1 years | $-16,626 |
| 3 years | $-14,119 |
| 5 years | $-11,611 |
| 7 years | $-9,104 |
| 9 years | $-6,596 |
| 11 years | $-4,089 |
| 13 years | $-1,582 |
| 15 years | $926 |
| 17 years | $3,433 |
| 19 years | $5,941 |
| 21 years | $8,448 |
| 23 years | $10,955 |
| 25 years | $13,463 |
Top Solar Installers in Haring
Although it's possible to install solar panels yourself, it takes extra time and knowledge. Because of that, most people choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance in the long run.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Haring
Factors that Affect Solar Panel Costs in Haring
For many Haring 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 Haring, 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 cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,060.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 get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Haring average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Haring homeowners opt to finance their solar panel systems to make going solar more affordable.While solar loans make adopting solar energy more accessible for Haring homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $4.22 | $17,734 | $14,514 | 13.7 years |
| 8 kW | $4.14 | $23,191 | $19,807 | 13.5 years |
| 10 kW | $4.06 | $28,420 | $25,327 | 13.2 years |
| 12 kW | $3.98 | $33,422 | $31,075 | 13.0 years |
| 14 kW | $3.90 | $38,196 | $37,050 | 12.7 years |
| 16 kW | $3.82 | $42,744 | $43,252 | 12.4 years |
| 18 kW | $3.74 | $47,064 | $49,682 | 12.2 years |
| 20 kW | $3.65 | $51,156 | $56,339 | 11.9 years |
How to Save on Solar Panels
There are many companies to choose from in Haring, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Haring, MI Solar Cost FAQs
How much does it cost to install solar panels in Haring?
The average cost of solar panels in Haring is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors 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?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Haring?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 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.