Solar Panel Cost Guide in Irving, MI (Mar 2023)
- Irving Solar Installation Cost: $12,058
- 25-Year Savings: $21,839
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Irving
Find out what the average cost of solar panels are in Irving.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Irving, the typical cost of a solar system is 2.81 per watt. The average solar panel system size in Irving is around 6.1 kilowatts, meaning a cost of about $12,058 for a solar installation, or $17,243 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Irving for a quote for your home.
Solar savings over time in Irving
| Year | Return on Investment |
|---|---|
| 1 years | $-10,702 |
| 3 years | $-7,990 |
| 5 years | $-5,278 |
| 7 years | $-2,567 |
| 9 years | $145 |
| 11 years | $2,857 |
| 13 years | $5,568 |
| 15 years | $8,280 |
| 17 years | $10,992 |
| 19 years | $13,704 |
| 21 years | $16,415 |
| 23 years | $19,127 |
| 25 years | $21,839 |
Top Solar Installers in Irving
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a labor-intensive endeavor. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for your home.
If you're looking for a solar installer in Irving, we've put together 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 Irving
Factors that Affect Solar Panel Costs in Irving
Although the average cost of a solar system in Irving is $12,058, your actual cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in Irving, 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 determine by looking at past power bills. Your total cost can increase by about $2,810 for each additional kilowatt you need. The brand and kind 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 often come at a higher price 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 increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Irving to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater 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 discount can bring their pricing lower to compete with bigger companies.
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 | $20,897 | 9.3 years |
| 8 kW | $2.87 | $16,051 | $28,178 | 9.1 years |
| 10 kW | $2.81 | $19,670 | $35,616 | 8.9 years |
| 12 kW | $2.75 | $23,132 | $43,211 | 8.7 years |
| 14 kW | $2.70 | $26,436 | $50,963 | 8.5 years |
| 16 kW | $2.64 | $29,584 | $58,873 | 8.4 years |
| 18 kW | $2.59 | $32,574 | $66,940 | 8.2 years |
| 20 kW | $2.53 | $35,406 | $75,165 | 8.0 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. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When making the switch to solar power, it's necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 Irving, MI Solar Cost FAQs
What is the average cost of installing solar panels in Irving?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Irving?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 account for 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.