Solar Panel Cost Guide in Kinross, MI (2024 Update)
- Kinross Solar Installation Cost: $17,619
- 25-Year Savings: $16,216
- Payback Period: 15.5 Years
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Average Cost of Solar Panels in Kinross
We break down average solar pricing in Kinross.
The average cost of a solar system in Kinross is 4 per watt.The average solar panel system size in Kinross is around 6.2 kilowatts, meaning a cost of about $17,619 for a solar installation, or $25,195 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar installer in Kinross that can help you get a more accurate cost estimate for your home.
Solar savings over time in Kinross
| Year | Return on Investment |
|---|---|
| 1 years | $-16,583 |
| 3 years | $-14,510 |
| 5 years | $-12,437 |
| 7 years | $-10,365 |
| 9 years | $-8,292 |
| 11 years | $-6,219 |
| 13 years | $-4,147 |
| 15 years | $-2,074 |
| 17 years | $-1 |
| 19 years | $2,071 |
| 21 years | $4,144 |
| 23 years | $6,217 |
| 25 years | $8,289 |
Top Solar Installers in Kinross
When switching to solar energy, many homeowners choose to hire a solar company since handling can be a challenging project. Another perk of working with a solar company is that they can help you maximize your investment by cutting back on future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Kinross
Factors that Affect Solar Panel Costs in Kinross
There are several criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Kinross, 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 usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $4,060 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 have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Kinross homeowners decide to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $9,762 | 16.1 years |
| 8 kW | $4.14 | $23,191 | $13,471 | 15.8 years |
| 10 kW | $4.06 | $28,420 | $17,407 | 15.5 years |
| 12 kW | $3.98 | $33,422 | $21,570 | 15.2 years |
| 14 kW | $3.90 | $38,196 | $25,961 | 14.9 years |
| 16 kW | $3.82 | $42,744 | $30,579 | 14.6 years |
| 18 kW | $3.74 | $47,064 | $35,425 | 14.3 years |
| 20 kW | $3.65 | $51,156 | $40,498 | 14.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- 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 carry different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Kinross, MI Solar Cost FAQs
How much does it cost to install solar panels in Kinross?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Kinross?
A solar panel system isn’t free in Kinross, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels completely eradicate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Kinross, 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?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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.