Solar Panel Cost Guide in Highland Park, MI (Dec 2022)

  • Highland Park Solar Installation Cost: $12,038
  • 25-Year Savings: $13,082
  • Payback Period: 12.0 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Highland Park

Find out how much it might cost to make the switch to solar in Highland Park.

The national average cost of solar panels is $2.66 per watt, but in Highland Park it's $3 per watt. The average Highland Park homeowner needs a 6.1-kilowatt system, which would cost about $12,038, or $8,908 after the federal solar tax credit of 30% is applied.

How much you pay can be higher or lower than the average in Highland Park based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. With average savings of about $16,000 on utility bills over 20 years, many homeowners in Highland Park find investing in solar has a decent ROI.

Click the button below to get connected to a reputable solar installer in Highland Park for a custom quote.

Solar savings over time in Highland Park

Year Return on Investment
1 years $-11,033
3 years $-9,024
5 years $-7,014
7 years $-5,005
9 years $-2,995
11 years $-985
13 years $1,024
15 years $3,034
17 years $5,043
19 years $7,053
21 years $9,063
23 years $11,072
25 years $13,082

Top Solar Installers in Highland Park

Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for your family.

If you're looking for a solar installer in Highland Park, we've compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Highland Park

Factors that Affect Solar Panel Costs in Highland Park

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Highland Park: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Highland Park, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,810 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Highland Park, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Highland Park offer solar loans, which reduce the initial cost of installing a solar system. Although solar loans make going solar more accessible for Highland Park homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Finally, the company you get to install your solar panel system can influence your pricing. Highland Park's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that provides the products, warranties and services you're looking for and also fit into your budget.

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 $12,373 12.4 years
8 kW $2.87 $16,051 $16,812 12.2 years
10 kW $2.81 $19,670 $21,408 12.0 years
12 kW $2.75 $23,132 $26,162 11.7 years
14 kW $2.70 $26,436 $31,073 11.5 years
16 kW $2.64 $29,584 $36,141 11.3 years
18 kW $2.59 $32,574 $41,367 11.0 years
20 kW $2.53 $35,406 $46,750 10.8 years

How to Save on Solar Panels

Since the model of solar panels and the installer you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
  • Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
  • Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Highland Park, MI Solar Cost FAQs

What is the average cost of installing solar panels in Highland Park?

This is a tough question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.

Are solar panels free in Highland Park?

You can't get solar panels for free in Highland Park. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Do solar panels increase your property value?

Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."

How many solar panels do I need to power my home?

To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.

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.

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