Solar Panel Cost Guide in North Branch, MI (Feb 2023)

  • North Branch Solar Installation Cost: $12,195
  • 25-Year Savings: $12,924
  • Payback Period: 12.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in North Branch

Let's take a look at the average cost of solar panels in North Branch.

The average cost of a solar system in North Branch is $3 per watt. The average North Branch homeowner needs a 6.2-kilowatt system, which would cost about $12,195, or $9,024 after the federal solar tax credit of 30% is applied.

These figures are just averages, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you choose to go with. But, once you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on utility bills.

For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in North Branch

Year Return on Investment
1 years $-11,191
3 years $-9,181
5 years $-7,171
7 years $-5,162
9 years $-3,152
11 years $-1,143
13 years $867
15 years $2,876
17 years $4,886
19 years $6,896
21 years $8,905
23 years $10,915
25 years $12,924

Top Solar Installers in North Branch

Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using an installer can make your switch to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Solar Veteran

Michigan Solar Solutions

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 North Branch

Factors that Affect Solar Panel Costs in North Branch

There are many criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment

The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,810. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like North Branch, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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

If paying for solar panels in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

A final factor to consider when trying to evaluate the cost of solar for your home or business in North Branch is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 $12,019 12.6 years
8 kW $2.87 $16,051 $16,340 12.4 years
10 kW $2.81 $19,670 $20,818 12.1 years
12 kW $2.75 $23,132 $25,454 11.9 years
14 kW $2.70 $26,436 $30,247 11.7 years
16 kW $2.64 $29,584 $35,198 11.4 years
18 kW $2.59 $32,574 $40,306 11.2 years
20 kW $2.53 $35,406 $45,571 10.9 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:

  • Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project timeline rebates and warranties.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
  • Solar Panel Brands: The type of solar panel you need plays a part in which installer you should go with, since different companies have different panels.
  • Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Solar Veteran

Michigan Solar Solutions

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 North Branch, MI Solar Cost FAQs

What is the average cost of installing solar panels in North Branch?

The average cost of solar panels in North Branch is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.

Is cost the most important thing to keep in mind when buying solar panels?

Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How much can I save on electricity bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $809.77 per year.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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.

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