Solar Panel Cost Guide in Holly, MI (2025 Update)

  • Holly Solar Installation Cost: $17,556
  • 25-Year Savings: $16,364
  • Payback Period: 15.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Holly

We go over average solar pricing in Holly.

The average cost of solar panels in Holly is 4 per watt.To account for the typical energy needs of the average home in Holly, most homeowners require a 6.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,556, or $25,105 before the federal solar tax credit of 0 is applied.

The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Holly can save about $18,000 on their energy bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Holly for a quote for your home.

Solar savings over time in Holly

YearReturn on Investment
1 years$-16,302
3 years$-13,795
5 years$-11,287
7 years$-8,780
9 years$-6,272
11 years$-3,765
13 years$-1,258
15 years$1,250
17 years$3,757
19 years$6,265
21 years$8,772
23 years$11,279
25 years$13,787

Top Solar Installers in Holly

Trying to put up solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.

You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:

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See all of the solar companies in Holly

Factors that Affect Solar Panel Costs in Holly

The cost of installing a solar system in Holly can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $4,060 per kilowatt in Holly.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Holly, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

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 Holly homeowners decide to finance their solar panel systems to make going solar more affordable.Even though solar loans make going solar more accessible for Holly homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar installation company you choose will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.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 come with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also is within your budget.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$4.22$17,734$9,96216.0 years
8 kW$4.14$23,191$13,73815.7 years
10 kW$4.06$28,420$17,74115.4 years
12 kW$3.98$33,422$21,97115.1 years
14 kW$3.90$38,196$26,42814.8 years
16 kW$3.82$42,744$31,11314.5 years
18 kW$3.74$47,064$36,02614.2 years
20 kW$3.65$51,156$41,16513.9 years

How to Save on Solar Panels

There are numerous companies available in Holly, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:

  • Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
  • Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
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EcoWatch's Holly, MI Solar Cost FAQs

What is the average cost of installing solar panels in Holly?

This is a hard question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, 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 Holly?

Leasing solar panels can be an option if you are unable 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 savings from going solar.

How much can I save on energy bills after installing solar panels?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Holly, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

What solar power system size is right for my home?

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