Solar Panel Cost Guide in Millington, MI (2023 Update)
- Millington Solar Installation Cost: $12,215
- 25-Year Savings: $16,600
- Payback Period: 10.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Millington
Let's take a look at the average cost of solar panels in Millington.
The average cost of solar panels in Millington is 2.81 per watt. Using this figure, a typical 6.2-kW system would cost about $12,215 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Millington homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the significant initial cost, the average Millington homeowner can save around $18,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Millington
| Year | Return on Investment |
|---|---|
| 1 years | $-11,062 |
| 3 years | $-8,757 |
| 5 years | $-6,452 |
| 7 years | $-4,147 |
| 9 years | $-1,842 |
| 11 years | $464 |
| 13 years | $2,769 |
| 15 years | $5,074 |
| 17 years | $7,379 |
| 19 years | $9,684 |
| 21 years | $11,990 |
| 23 years | $14,295 |
| 25 years | $16,600 |
Top Solar Installers in Millington
Trying to install solar panels by yourself can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar contractor as well, which can save you more money over time.
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 nearby:
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 Millington
Factors that Affect Solar Panel Costs in Millington
Even though the average cost of a solar system in Millington is $12,215, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Millington, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Millington is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also fit into your budget.
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 | $15,563 | 11.0 years |
| 8 kW | $2.87 | $16,051 | $21,066 | 10.8 years |
| 10 kW | $2.81 | $19,670 | $26,726 | 10.6 years |
| 12 kW | $2.75 | $23,132 | $32,543 | 10.4 years |
| 14 kW | $2.70 | $26,436 | $38,518 | 10.2 years |
| 16 kW | $2.64 | $29,584 | $44,650 | 10.0 years |
| 18 kW | $2.59 | $32,574 | $50,939 | 9.8 years |
| 20 kW | $2.53 | $35,406 | $57,386 | 9.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- 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 the terms of the warranty.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 Millington, MI Solar Cost FAQs
How much does it cost to install solar panels in Millington?
The average cost of solar panels in Millington is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from 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.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Millington is currently $130,500, so you can look forward to a value of about $5,350 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Millington is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.