Solar Panel Cost Guide in Kochville, MI (2023 Update)
- Kochville Solar Installation Cost: $12,195
- 25-Year Savings: $23,109
- Payback Period: 8.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Kochville
See how much it might cost to switch to solar power in Kochville.
In Kochville, solar panels cost about 2.81 per watt on average. The average Kochville homeowner needs a 6.2-kilowatt system, which would cost about $12,195 with the federal tax credit, or $17,439 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Kochville homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar is worth paying. On average Kochville homeowners see about $22,000 in savings on utility bills over 20 years.
To get a free estimate from a top solar installer in Kochville, you can click the button below.
Solar savings over time in Kochville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,783 |
| 3 years | $-7,959 |
| 5 years | $-5,135 |
| 7 years | $-2,310 |
| 9 years | $514 |
| 11 years | $3,338 |
| 13 years | $6,163 |
| 15 years | $8,987 |
| 17 years | $11,811 |
| 19 years | $14,636 |
| 21 years | $17,460 |
| 23 years | $20,285 |
| 25 years | $23,109 |
Top Solar Installers in Kochville
When making the switch to solar, many homeowners prefer to go with a solar company since DIY solar panel installation can be a time-consuming project. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Kochville:
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 Kochville
Factors that Affect Solar Panel Costs in Kochville
Although the average cost of a solar system in Kochville is $12,195, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Kochville, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Kochville homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original 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 solar company you pick will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $2.92 | $12,274 | $21,897 | 9.0 years |
| 8 kW | $2.87 | $16,051 | $29,510 | 8.8 years |
| 10 kW | $2.81 | $19,670 | $37,281 | 8.6 years |
| 12 kW | $2.75 | $23,132 | $45,210 | 8.5 years |
| 14 kW | $2.70 | $26,436 | $53,295 | 8.3 years |
| 16 kW | $2.64 | $29,584 | $61,538 | 8.1 years |
| 18 kW | $2.59 | $32,574 | $69,939 | 7.9 years |
| 20 kW | $2.53 | $35,406 | $78,497 | 7.8 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which installer you should go with, since different companies provide different panels.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
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 Kochville, MI Solar Cost FAQs
How much does it cost to install solar panels in Kochville?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Kochville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.