Solar Panel Cost Guide in Holland, MI (2023 Update)
- Holland Solar Installation Cost: $11,665
- 25-Year Savings: $20,077
- Payback Period: 9.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Holland
We break down average solar pricing in Holland.
In Holland, solar panels cost about 2.81 per watt on average. To cover the typical energy usage of the average home in Holland, most homeowners require a 5.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,664, or $16,680 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Holland homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Holland see about $20,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar installer in Holland for a custom estimate.
Solar savings over time in Holland
| Year | Return on Investment |
|---|---|
| 1 years | $-11,559 |
| 3 years | $-11,347 |
| 5 years | $-11,136 |
| 7 years | $-10,924 |
| 9 years | $-10,712 |
| 11 years | $-10,501 |
| 13 years | $-10,289 |
| 15 years | $-10,077 |
| 17 years | $-9,866 |
| 19 years | $-9,654 |
| 21 years | $-9,443 |
| 23 years | $-9,231 |
| 25 years | $-9,019 |
Top Solar Installers in Holland
When making the switch to solar, many homeowners decide to hire a solar installer since overseeing your solar installation yourself can be a challenging project. The payback period of solar panels will vary depending on factors like your location and energy usage, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
If you're on the hunt for a solar company in Holland, the EcoWatch team has compiled a list of our top suggestions here:
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 Holland
Factors that Affect Solar Panel Costs in Holland
For many Holland 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 Holland, with typical prices between $20,000 to $40,000. There are several factors that significantly 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 variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production need 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 brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Holland, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $19,842 | 9.6 years |
| 8 kW | $2.87 | $16,051 | $26,770 | 9.4 years |
| 10 kW | $2.81 | $19,670 | $33,856 | 9.2 years |
| 12 kW | $2.75 | $23,132 | $41,099 | 9.0 years |
| 14 kW | $2.70 | $26,436 | $48,500 | 8.8 years |
| 16 kW | $2.64 | $29,584 | $56,058 | 8.6 years |
| 18 kW | $2.59 | $32,574 | $63,773 | 8.5 years |
| 20 kW | $2.53 | $35,406 | $71,646 | 8.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline rebates and warranties.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Holland, MI Solar Cost FAQs
How much does it cost to install solar panels in Holland?
The average cost of solar panels in Holland 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 type 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 factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Holland 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 give you credit toward your future utility bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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 install between 20 and 35 panels to cover 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.