Solar Panel Cost Guide in Mount Morris, MI (2023 Update)
- Mount Morris Solar Installation Cost: $12,254
- 25-Year Savings: $19,805
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mount Morris
Let's have a look at the average cost of solar panels in Mount Morris.
The average cost of a solar system in Mount Morris is 2.81 per watt. Because a 6.2-kW system is needed to cover the energy usage of a typical home in Mount Morris, the average price of going solar will be about $12,254 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of equipment you choose, your solar contractor and more. Many homeowners find installing a solar system is a solid investment. The average homeowner in Mount Morris can save around $20,000 on their power bills over 20 years.
You can click the button below to get connected with a top 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 | $-10,972 |
| 3 years | $-8,407 |
| 5 years | $-5,842 |
| 7 years | $-3,278 |
| 9 years | $-713 |
| 11 years | $1,852 |
| 13 years | $4,417 |
| 15 years | $6,981 |
| 17 years | $9,546 |
| 19 years | $12,111 |
| 21 years | $14,676 |
| 23 years | $17,241 |
| 25 years | $19,805 |
Top Solar Installers in Mount Morris
Many homeowners decide to use a solar panel company since trying to install solar panels yourself can be time-consuming. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our suggestions for providers in Mount Morris:
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 Mount Morris
Factors that Affect Solar Panel Costs in Mount Morris
The cost of installing a solar system in Mount Morris can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 pay around $2,810 per kilowatt in Mount Morris. 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. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Mount Morris average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Mount Morris homeowners choose to finance their solar panel systems to make going solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Mount Morris, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger 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 | $2.92 | $12,274 | $18,581 | 9.9 years |
| 8 kW | $2.87 | $16,051 | $25,089 | 9.8 years |
| 10 kW | $2.81 | $19,670 | $31,755 | 9.6 years |
| 12 kW | $2.75 | $23,132 | $38,578 | 9.4 years |
| 14 kW | $2.70 | $26,436 | $45,559 | 9.2 years |
| 16 kW | $2.64 | $29,584 | $52,696 | 9.0 years |
| 18 kW | $2.59 | $32,574 | $59,991 | 8.8 years |
| 20 kW | $2.53 | $35,406 | $67,444 | 8.6 years |
How to Save on Solar Panels
There are a lot of companies available in Mount Morris, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should go with, since different companies have different panels.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Mount Morris, MI Solar Cost FAQs
How much does it cost to install solar panels in Mount Morris?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
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 install 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.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mount Morris is currently $74,531, so you could be looking at a value of about $3,056 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Mount Morris is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.