Solar Panel Cost Guide in Jamestown, MI (2023 Update)
- Jamestown Solar Installation Cost: $11,664
- 25-Year Savings: $21,140
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jamestown
Here's how much it might cost to go solar in Jamestown.
The national average cost of solar panels is $2.66 per watt, but in Jamestown it's 2.81 per watt. The average Jamestown homeowner needs a 5.9-kilowatt system, which would cost about $11,664 with the federal tax credit, or $16,680 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will most likely differ based on your specific situation and what company you choose to go with. With average savings of about $21,000 on utility bills over 20 years, many homeowners in Jamestown find going solar can pay off big.
To receive a free quote from a pre-vetted solar installation company in Jamestown, you can click the button below.
Solar savings over time in Jamestown
| Year | Return on Investment |
|---|---|
| 1 years | $-10,352 |
| 3 years | $-7,728 |
| 5 years | $-5,103 |
| 7 years | $-2,479 |
| 9 years | $145 |
| 11 years | $2,770 |
| 13 years | $5,394 |
| 15 years | $8,018 |
| 17 years | $10,643 |
| 19 years | $13,267 |
| 21 years | $15,891 |
| 23 years | $18,516 |
| 25 years | $21,140 |
Top Solar Installers in Jamestown
When making the switch to solar, many homeowners decide to hire a solar installation company since DIY solar panel installation can be a challenging project. Plus, if you'd like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Jamestown
Factors that Affect Solar Panel Costs in Jamestown
For many Jamestown homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Jamestown, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Jamestown, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Jamestown, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Jamestown are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $20,917 | 9.2 years |
| 8 kW | $2.87 | $16,051 | $28,204 | 9.1 years |
| 10 kW | $2.81 | $19,670 | $35,648 | 8.9 years |
| 12 kW | $2.75 | $23,132 | $43,250 | 8.7 years |
| 14 kW | $2.70 | $26,436 | $51,009 | 8.5 years |
| 16 kW | $2.64 | $29,584 | $58,925 | 8.4 years |
| 18 kW | $2.59 | $32,574 | $66,999 | 8.2 years |
| 20 kW | $2.53 | $35,406 | $75,230 | 8.0 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you want plays a part in which company you should go with, since different companies provide different panels.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- 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 such as a system part breaking or if the company goes 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 Jamestown, MI Solar Cost FAQs
How much does it cost to install solar panels in Jamestown?
The average cost of solar panels in Jamestown is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Jamestown?
A solar panel system isn't free in Jamestown, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 buy 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.