Solar Panel Cost Guide in Ira, MI (2024 Update)
- Ira Solar Installation Cost: $16,921
- 25-Year Savings: $13,409
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Ira
Find out how much it might cost to go solar in Ira.
The average cost of a solar system in Ira is 4 per watt.To cover the typical energy usage of the average home in Ira, most homeowners require a 6.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,921, or $24,197 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will vary based on your specific situation and what company you want to go with.With typical savings of about $16,000 on power bills over 20 years, many homeowners in Ira find going solar can be quite rewarding.
You can click the button below to get connected with a top solar installer in Ira for a quote for your home.
Solar savings over time in Ira
| Year | Return on Investment |
|---|---|
| 1 years | $-15,529 |
| 3 years | $-12,744 |
| 5 years | $-9,959 |
| 7 years | $-7,175 |
| 9 years | $-4,390 |
| 11 years | $-1,605 |
| 13 years | $1,179 |
| 15 years | $3,964 |
| 17 years | $6,749 |
| 19 years | $9,533 |
| 21 years | $12,318 |
| 23 years | $15,103 |
| 25 years | $17,887 |
Top Solar Installers in Ira
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a labor-intensive endeavor. Plus, if you’d like to maximize your investment in solar energy, using a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers nearby:
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
Outstanding Local Installer
The Green Panel
- Outstanding customer service
- Excellent reputation
- Great warranty coverage
- No leases or PPAs
See all of the solar companies in Ira
Factors that Affect Solar Panel Costs in Ira
There are a number of criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar energy system in Ira, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $4,060 for each additional kilowatt you need.The type of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Ira, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Ira, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The company’s size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $7,580 | 17.5 years |
| 8 kW | $4.14 | $23,191 | $10,562 | 17.2 years |
| 10 kW | $4.06 | $28,420 | $13,770 | 16.8 years |
| 12 kW | $3.98 | $33,422 | $17,206 | 16.5 years |
| 14 kW | $3.90 | $38,196 | $20,870 | 16.2 years |
| 16 kW | $3.82 | $42,744 | $24,761 | 15.8 years |
| 18 kW | $3.74 | $47,064 | $28,879 | 15.5 years |
| 20 kW | $3.65 | $51,156 | $33,225 | 15.2 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you’d like to install plays a role in which installer you should go with, since different companies have different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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
Outstanding Local Installer
The Green Panel
- Outstanding customer service
- Excellent reputation
- Great warranty coverage
- No leases or PPAs
EcoWatch's Ira, MI Solar Cost FAQs
What is the average cost of installing solar panels in Ira?
The average cost of solar panels in Ira is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real 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 consume.
Is it better to lease or buy solar panels in Ira?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is it worth going solar in Ira?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.