Solar Panel Cost Guide in Oceola, MI (Feb 2023)

  • Oceola Solar Installation Cost: $12,176
  • 25-Year Savings: $16,339
  • Payback Period: 10.7 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

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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 Oceola

Find out how much it might cost to install solar panels in Oceola.

In Oceola, solar panels cost about $3 per watt on average. Using this figure, a typical 6.2 would cost about $12,176 before the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Oceola homeowner. The price 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 large upfront cost, the average Oceola homeowner can save about $18,000 on their energy bills over 20 years, which is one of the positives of solar.

You can click the button below to get connected with a vetted solar company in Oceola that can help you get a more accurate cost estimate for your home.

Solar savings over time in Oceola

Year Return on Investment
1 years $-11,035
3 years $-8,754
5 years $-6,473
7 years $-4,192
9 years $-1,910
11 years $371
13 years $2,652
15 years $4,933
17 years $7,214
19 years $9,495
21 years $11,777
23 years $14,058
25 years $16,339

Top Solar Installers in Oceola

Putting up solar panels by yourself can be a time-consuming project, which is why getting a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by providing warranties, repairs and system component replacements.

There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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 Oceola

Factors that Affect Solar Panel Costs in Oceola

While the average cost of a solar system in Oceola is $12,176, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Oceola, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.

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 $15,381 11.1 years
8 kW $2.87 $16,051 $20,823 10.9 years
10 kW $2.81 $19,670 $26,422 10.7 years
12 kW $2.75 $23,132 $32,179 10.5 years
14 kW $2.70 $26,436 $38,092 10.2 years
16 kW $2.64 $29,584 $44,164 10.0 years
18 kW $2.59 $32,574 $50,392 9.8 years
20 kW $2.53 $35,406 $56,778 9.6 years

How to Save on Solar Panels

The solar panel company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:

  • Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Installation Process: When making the switch to solar, it's important to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project timeline.
  • Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
  • Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.

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 Oceola, MI Solar Cost FAQs

How much does it cost to install solar panels in Oceola?

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

Should I lease or buy solar panels in Oceola?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

Can solar panels eliminate my electricity bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Oceola, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Oceola?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.

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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