Solar Panel Cost Guide in Haslett, MI (2024 Update)
- Haslett Solar Installation Cost: $17,543
- 25-Year Savings: $13,800
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Haslett
Here’s how much it might cost to switch to solar power in Haslett.
The national average cost of solar panels is $2.66 per watt, but in Haslett it’s 4 per watt.The average solar panel system size in Haslett is around 6.2 kilowatts, meaning a cost of about $17,543 for a solar installation, or $25,086 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.But, once you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar company in Haslett for a quote for your home.
Solar savings over time in Haslett
| Year | Return on Investment |
|---|---|
| 1 years | $-16,289 |
| 3 years | $-13,782 |
| 5 years | $-11,274 |
| 7 years | $-8,767 |
| 9 years | $-6,259 |
| 11 years | $-3,752 |
| 13 years | $-1,245 |
| 15 years | $1,263 |
| 17 years | $3,770 |
| 19 years | $6,278 |
| 21 years | $8,785 |
| 23 years | $11,292 |
| 25 years | $13,800 |
Top Solar Installers in Haslett
Many homeowners decide to use a solar installer since trying to put up solar panels on your own can be a lot of work. The expertise that solar installers provide can be valuable as well, especially if you don’t quite know what type of solar equipment you need.
If you're on the hunt for a solar company in Haslett, we've organized a list of our top suggestions here:
See all of the solar companies in Haslett
Factors that Affect Solar Panel Costs in Haslett
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Haslett: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The type of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Haslett average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $11,179 | 15.3 years |
| 8 kW | $4.14 | $23,191 | $15,360 | 15.0 years |
| 10 kW | $4.06 | $28,420 | $19,768 | 14.7 years |
| 12 kW | $3.98 | $33,422 | $24,404 | 14.4 years |
| 14 kW | $3.90 | $38,196 | $29,267 | 14.2 years |
| 16 kW | $3.82 | $42,744 | $34,358 | 13.9 years |
| 18 kW | $3.74 | $47,064 | $39,675 | 13.6 years |
| 20 kW | $3.65 | $51,156 | $45,221 | 13.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The type of solar panel you need plays a role in which installer you should go with, since different companies provide different panels.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
EcoWatch's Haslett, MI Solar Cost FAQs
How much does it cost to install solar panels in Haslett?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Haslett?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Haslett?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.