Solar Panel Cost Guide in Metamora, MI (2024 Update)
- Metamora Solar Installation Cost: $17,632
- 25-Year Savings: $12,916
- Payback Period: 17.5 Years
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Average Cost of Solar Panels in Metamora
See how much it might cost to go solar in Metamora.
While the national average of solar panels is $2.66 per watt, solar panels in Metamora typically cost around 4.Since a 6.2-kW system is needed to cover the energy costs of a typical home in Metamora, the average price of going solar will be about $17,632 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Metamora homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Metamora for a quote for your home.
Solar savings over time in Metamora
| Year | Return on Investment |
|---|---|
| 1 years | $-16,240 |
| 3 years | $-13,455 |
| 5 years | $-10,671 |
| 7 years | $-7,886 |
| 9 years | $-5,101 |
| 11 years | $-2,317 |
| 13 years | $468 |
| 15 years | $3,253 |
| 17 years | $6,037 |
| 19 years | $8,822 |
| 21 years | $11,607 |
| 23 years | $14,391 |
| 25 years | $17,176 |
Top Solar Installers in Metamora
Many homeowners choose to hire a solar panel installer since trying to put up solar panels on your own can be a labor-intensive endeavor. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Metamora
Factors that Affect Solar Panel Costs in Metamora
For many Metamora homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Metamora, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Metamora, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by around $4,060 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Metamora to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also increases your all-in costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Metamora, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may notice national solar installers that have lower prices due to 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 | $6,559 | 18.3 years |
| 8 kW | $4.14 | $23,191 | $9,200 | 17.9 years |
| 10 kW | $4.06 | $28,420 | $12,068 | 17.5 years |
| 12 kW | $3.98 | $33,422 | $15,164 | 17.2 years |
| 14 kW | $3.90 | $38,196 | $18,487 | 16.8 years |
| 16 kW | $3.82 | $42,744 | $22,038 | 16.5 years |
| 18 kW | $3.74 | $47,064 | $25,816 | 16.1 years |
| 20 kW | $3.65 | $51,156 | $29,821 | 15.8 years |
How to Save on Solar Panels
There are many companies available in Metamora, 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:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
EcoWatch's Metamora, MI Solar Cost FAQs
How much does it cost to install solar panels in Metamora?
The average cost of solar panels in Metamora 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 things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Metamora have a net metering program?
Each state has some form 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 power bills.
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 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 get between 20 and 35 panels to cover 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.