Solar Panel Cost Guide in Marysville, MI (2024 Update)
- Marysville Solar Installation Cost: $16,921
- 25-Year Savings: $13,409
- Payback Period: 16.8 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Marysville
We go over average solar pricing in Marysville.
Although the national average of solar panels is $2.66 per watt, solar panels in Marysville typically cost about 4.Because a 6.0-kW system is needed to cover the energy consumption of a typical home in Marysville, the average price of going solar will be about $16,921 after claiming the federal solar tax credit of 0.
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 solar panels you want, your solar contractor and more.With typical savings of about $16,000 on power bills over 20 years, many homeowners in Marysville find going solar has a decent ROI.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Marysville
Year | Return on Investment |
---|---|
1 years | $-15,529 |
3 years | $-12,744 |
5 years | $-9,959 |
7 years | $-7,175 |
9 years | $-4,390 |
11 years | $-1,605 |
13 years | $1,179 |
15 years | $3,964 |
17 years | $6,749 |
19 years | $9,533 |
21 years | $12,318 |
23 years | $15,103 |
25 years | $17,887 |
Top Solar Installers in Marysville
Many homeowners choose to hire a solar installer since trying to put up solar panels on your own can be a labor-intensive endeavor. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you're searching for a solar installer in Marysville, we've put together a list of our top suggestions here:
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 Marysville
Factors that Affect Solar Panel Costs in Marysville
The cost of installing a solar system in Marysville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,060.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Marysville average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Marysville is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services at different costs.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, 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 | $4.22 | $17,734 | $7,580 | 17.5 years |
8 kW | $4.14 | $23,191 | $10,562 | 17.2 years |
10 kW | $4.06 | $28,420 | $13,770 | 16.8 years |
12 kW | $3.98 | $33,422 | $17,206 | 16.5 years |
14 kW | $3.90 | $38,196 | $20,870 | 16.2 years |
16 kW | $3.82 | $42,744 | $24,761 | 15.8 years |
18 kW | $3.74 | $47,064 | $28,879 | 15.5 years |
20 kW | $3.65 | $51,156 | $33,225 | 15.2 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total 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 take into account, including:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should opt for, since different companies offer different panels.
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 Marysville, MI Solar Cost FAQs
How much does it cost to install solar panels in Marysville?
The average cost of solar panels in Marysville is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Marysville?
Solar panels aren’t free in Marysville, 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 you can take advantage of.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Marysville is currently $215,570, so you can expect a value of about $8,838 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Marysville is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having 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.