Solar Panel Cost Guide in Marine City, MI (2023 Update)
- Marine City Solar Installation Cost: $11,704
- 25-Year Savings: $13,416
- Payback Period: 11.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Marine City
See how much it might cost to go solar in Marine City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marine City, the typical cost of solar panels is 2.81 per watt. The average Marine City homeowner needs a 6.0-kilowatt system, which would cost about $11,704 with the federal tax credit, or $16,737 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Marine City homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Marine City find going solar has a decent ROI.
You can click the button below to get connected with a top solar installer in Marine City for a quote for your home.
Solar savings over time in Marine City
| Year | Return on Investment |
|---|---|
| 1 years | $-10,699 |
| 3 years | $-8,689 |
| 5 years | $-6,680 |
| 7 years | $-4,670 |
| 9 years | $-2,661 |
| 11 years | $-651 |
| 13 years | $1,359 |
| 15 years | $3,368 |
| 17 years | $5,378 |
| 19 years | $7,387 |
| 21 years | $9,397 |
| 23 years | $11,407 |
| 25 years | $13,416 |
Top Solar Installers in Marine City
Installing solar panels yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
If you'd like to start using solar energy but still aren't certain which solar company to go with, here are our suggestions for providers near you:
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 Marine City
Factors that Affect Solar Panel Costs in Marine City
For many Marine City homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Marine City, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,810. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at 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 increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Marine City homeowners opt to finance their solar panel systems to make paying for solar more affordable. While solar loans make adopting solar energy more accessible for Marine City homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Marine City, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $13,040 | 12.1 years |
| 8 kW | $2.87 | $16,051 | $17,702 | 11.9 years |
| 10 kW | $2.81 | $19,670 | $22,520 | 11.7 years |
| 12 kW | $2.75 | $23,132 | $27,496 | 11.4 years |
| 14 kW | $2.70 | $26,436 | $32,630 | 11.2 years |
| 16 kW | $2.64 | $29,584 | $37,921 | 11.0 years |
| 18 kW | $2.59 | $32,574 | $43,369 | 10.7 years |
| 20 kW | $2.53 | $35,406 | $48,975 | 10.5 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your overall 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, including:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: When reading through your solar company's contract, ask for clarification 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.
- Installation Process: Make sure you're on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices 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
EcoWatch's Marine City, MI Solar Cost FAQs
What is the average cost of installing solar panels in Marine City?
This is a hard question to answer exactly, 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 other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Marine City?
You can't get solar panels for free in Marine City. However, you may still be able to install 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.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.