Solar Panel Cost Guide in Mount Morris, MI (2024 Update)
- Mount Morris Solar Installation Cost: $17,718
- 25-Year Savings: $13,625
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Mount Morris
We go over average solar pricing in Mount Morris.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mount Morris, the typical cost of solar panels is 4 per watt.The average Mount Morris homeowner needs a 6.2-kilowatt system, which would cost about $17,718 with the federal tax credit, or $25,337 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Mount Morris 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 high initial cost, the average Mount Morris homeowner can save about $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Mount Morris that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mount Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-16,464 |
| 3 years | $-13,957 |
| 5 years | $-11,449 |
| 7 years | $-8,942 |
| 9 years | $-6,434 |
| 11 years | $-3,927 |
| 13 years | $-1,420 |
| 15 years | $1,088 |
| 17 years | $3,595 |
| 19 years | $6,103 |
| 21 years | $8,610 |
| 23 years | $11,117 |
| 25 years | $13,625 |
Top Solar Installers in Mount Morris
Many homeowners choose to use a solar panel company since trying to install solar panels yourself can be a lot of work. The payback period of solar panels will vary depending on factors like your roof configuration and energy use, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Mount Morris
Factors that Affect Solar Panel Costs in Mount Morris
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Mount Morris: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Mount Morris, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Mount Morris to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Mount Morris is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Additionally, some companies in Mount Morris have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,121 | 14.4 years |
| 8 kW | $4.14 | $23,191 | $17,949 | 14.1 years |
| 10 kW | $4.06 | $28,420 | $23,005 | 13.8 years |
| 12 kW | $3.98 | $33,422 | $28,288 | 13.5 years |
| 14 kW | $3.90 | $38,196 | $33,799 | 13.3 years |
| 16 kW | $3.82 | $42,744 | $39,536 | 13.0 years |
| 18 kW | $3.74 | $47,064 | $45,501 | 12.7 years |
| 20 kW | $3.65 | $51,156 | $51,694 | 12.4 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which company you should go with, since different companies have different panels.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
EcoWatch's Mount Morris, MI Solar Cost FAQs
What is the average cost of installing solar panels in Mount Morris?
The average cost of solar panels in Mount Morris 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Mount Morris?
You can’t get solar panels for free in Mount Morris. However, you may still be able to get 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.
Can you sell solar power back to the grid in Mount Morris?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Mount Morris?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.