Solar Panel Cost Guide in Millington, MI (2025 Update)
- Millington Solar Installation Cost: $17,651
- 25-Year Savings: $16,599
- Payback Period: 15.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Millington
We go over average solar pricing in Millington.
Although the national average of solar panels is $2.66 per watt, solar panels in Millington typically cost about 4.The average solar panel system size in Millington is around 6.2 kilowatts, meaning a cost of about $17,651 for a solar installation, or $25,241 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with.Even with the significant initial cost, the average Millington homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a highly rated solar installer in your area for a custom quote.
Solar savings over time in Millington
Year | Return on Investment |
---|---|
1 years | $-16,397 |
3 years | $-13,890 |
5 years | $-11,382 |
7 years | $-8,875 |
9 years | $-6,367 |
11 years | $-3,860 |
13 years | $-1,353 |
15 years | $1,155 |
17 years | $3,662 |
19 years | $6,170 |
21 years | $8,677 |
23 years | $11,184 |
25 years | $13,692 |
Top Solar Installers in Millington
Trying to put up solar panels on your own can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Millington:
See all of the solar companies in Millington
Factors that Affect Solar Panel Costs in Millington
For many Millington homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Millington, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $4,060 per kilowatt in Millington.The type of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Millington to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect how much you pay. Millington’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $10,103 | 15.9 years |
8 kW | $4.14 | $23,191 | $13,926 | 15.6 years |
10 kW | $4.06 | $28,420 | $17,976 | 15.3 years |
12 kW | $3.98 | $33,422 | $22,253 | 15.0 years |
14 kW | $3.90 | $38,196 | $26,758 | 14.7 years |
16 kW | $3.82 | $42,744 | $31,490 | 14.4 years |
18 kW | $3.74 | $47,064 | $36,449 | 14.1 years |
20 kW | $3.65 | $51,156 | $41,636 | 13.8 years |
How to Save on Solar Panels
The solar panel company you go with will impact 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 some important things you should consider, such as:
- Solar Panel Brands: The model of solar panel you’d like to get plays a role in which installer you should choose, since different companies have access to different panels.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: When reading over 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 part breaking or if the company goes out of business.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
EcoWatch's Millington, MI Solar Cost FAQs
How much does it cost to install solar panels in Millington?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Millington?
You can’t get solar panels for free in Millington. 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 want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.