Solar Panel Cost Guide in L'Anse, MI (2024 Update)
- L'Anse Solar Installation Cost: $18,279
- 25-Year Savings: $35,390
- Payback Period: 9.5 Years
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Average Cost of Solar Panels in L'Anse
Let’s have a look at the average cost of solar panels in L'Anse.
Currently, the national average cost of solar panels is $2.66 per watt. However, in L'Anse, the typical cost of a solar system is 4 per watt.The average L'Anse homeowner needs a 6.4-kilowatt system, which would cost about $18,279 with the federal tax credit, or $26,139 before the 0 tax credit is applied.
How much you pay can be above or below the average in L'Anse based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.With average savings of about $28,000 on utility bills over 20 years, many homeowners in L'Anse find going solar can be quite rewarding.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in L'Anse
| Year | Return on Investment |
|---|---|
| 1 years | $-16,484 |
| 3 years | $-12,895 |
| 5 years | $-9,305 |
| 7 years | $-5,716 |
| 9 years | $-2,126 |
| 11 years | $1,463 |
| 13 years | $5,053 |
| 15 years | $8,642 |
| 17 years | $12,231 |
| 19 years | $15,821 |
| 21 years | $19,410 |
| 23 years | $23,000 |
| 25 years | $26,589 |
Top Solar Installers in L'Anse
Trying to put up solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy usage, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in L'Anse:
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 L'Anse
Factors that Affect Solar Panel Costs in L'Anse
Though the average cost of a solar system in L'Anse is $18,279, your final cost may differ. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,060. The kind of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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 into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in L'Anse provide solar loans, which reduce the initial cost of installing a solar system.Even though solar loans make switching to solar energy more accessible for L'Anse homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in L'Anse, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes 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 | $27,083 | 9.9 years |
| 8 kW | $4.14 | $23,191 | $36,565 | 9.7 years |
| 10 kW | $4.06 | $28,420 | $46,275 | 9.5 years |
| 12 kW | $3.98 | $33,422 | $56,212 | 9.3 years |
| 14 kW | $3.90 | $38,196 | $66,377 | 9.1 years |
| 16 kW | $3.82 | $42,744 | $76,768 | 8.9 years |
| 18 kW | $3.74 | $47,064 | $87,388 | 8.8 years |
| 20 kW | $3.65 | $51,156 | $98,234 | 8.6 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- 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 EcoWatch.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 L'Anse, MI Solar Cost FAQs
What is the average cost of installing solar panels in L'Anse?
This is a hard question to answer exactly, 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 above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in L'Anse?
You can’t get solar panels for free in L'Anse. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout L'Anse, 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 usage and how much 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.