Solar Panel Cost Guide in Leroy, MI (2023 Update)
- Leroy Solar Installation Cost: $12,011
- 25-Year Savings: $22,660
- Payback Period: 8.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Leroy
Find out what the average cost of solar panels are in Leroy.
The average cost of solar panels in Leroy is 2.81 per watt. Since a 6.1-kW system is needed to cover the energy costs of a typical home in Leroy, the average price of going solar will be about $12,018 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of equipment you choose, your solar contractor and more. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $22,000 over 20 years on utility bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Leroy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,758 |
| 3 years | $-8,250 |
| 5 years | $-5,743 |
| 7 years | $-3,235 |
| 9 years | $-728 |
| 11 years | $1,779 |
| 13 years | $4,287 |
| 15 years | $6,794 |
| 17 years | $9,301 |
| 19 years | $11,809 |
| 21 years | $14,316 |
| 23 years | $16,824 |
| 25 years | $19,331 |
Top Solar Installers in Leroy
Many homeowners decide to hire a solar panel installer since trying to install solar panels by yourself can be challenging. Another upside of working with a solar installer is that they can help you optimize your investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Leroy
Factors that Affect Solar Panel Costs in Leroy
Even though the average cost of a solar system in Leroy is $12,018, 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 crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,810 per kilowatt in Leroy. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Leroy, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, 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
Most solar installers in Leroy have solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Leroy, and each can charge different amounts for labor and equipment. Additionally, some companies in Leroy have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $21,793 | 9.0 years |
| 8 kW | $2.87 | $16,051 | $29,372 | 8.8 years |
| 10 kW | $2.81 | $19,670 | $37,108 | 8.7 years |
| 12 kW | $2.75 | $23,132 | $45,002 | 8.5 years |
| 14 kW | $2.70 | $26,436 | $53,053 | 8.3 years |
| 16 kW | $2.64 | $29,584 | $61,262 | 8.1 years |
| 18 kW | $2.59 | $32,574 | $69,628 | 8.0 years |
| 20 kW | $2.53 | $35,406 | $78,151 | 7.8 years |
How to Save on Solar Panels
There are a large number of companies available in Leroy, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're worried about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
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 Leroy, MI Solar Cost FAQs
What is the average cost of installing solar panels in Leroy?
This is a hard question to answer precisely, 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Leroy?
A solar panel system isn't free in Leroy, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Leroy?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces 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 often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.