Solar Panel Cost Guide in Mount Morris, MI (2023 Update)
- Mount Morris Solar Installation Cost: $12,263
- 25-Year Savings: $19,797
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mount Morris
Find out how much it might cost to go solar in Mount Morris.
The national average cost of solar panels is $2.66 per watt, but in Mount Morris it's 2.81 per watt. The average Mount Morris homeowner needs a 6.2-kilowatt system, which would cost about $12,254 with the federal tax credit, or $17,523 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Mount Morris homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Mount Morris can save about $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Mount Morris for a quote for your home.
Solar savings over time in Mount Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-12,156 |
| 3 years | $-11,942 |
| 5 years | $-11,728 |
| 7 years | $-11,515 |
| 9 years | $-11,301 |
| 11 years | $-11,087 |
| 13 years | $-10,873 |
| 15 years | $-10,660 |
| 17 years | $-10,446 |
| 19 years | $-10,232 |
| 21 years | $-10,018 |
| 23 years | $-9,805 |
| 25 years | $-9,591 |
Top Solar Installers in Mount Morris
Installing solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're searching for a solar company in Mount Morris, we've compiled a list of our top suggestions here:
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
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Mount Morris: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity 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 panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
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 figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Mount Morris, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Mount Morris know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $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.