Solar Panel Cost Guide in Oneida, MI (2024 Update)
- Oneida Solar Installation Cost: $17,540
- 25-Year Savings: $21,549
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Oneida
Find out how much it might cost to go solar in Oneida.
The national average cost of solar panels is $2.66 per watt, but in Oneida it’s 4 per watt.The average solar panel system size in Oneida is around 6.2 kilowatts, meaning a cost of about $17,540 for a solar installation, or $25,082 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will differ based on your specific situation and what company you go with.With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Oneida find installing solar panels can be quite rewarding.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Oneida
Year | Return on Investment |
---|---|
1 years | $-16,286 |
3 years | $-13,779 |
5 years | $-11,271 |
7 years | $-8,764 |
9 years | $-6,257 |
11 years | $-3,749 |
13 years | $-1,242 |
15 years | $1,266 |
17 years | $3,773 |
19 years | $6,280 |
21 years | $8,788 |
23 years | $11,295 |
25 years | $13,803 |
Top Solar Installers in Oneida
When going solar, many homeowners decide to use a solar installer since putting up solar panels yourself can be a difficult project. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Oneida
Factors that Affect Solar Panel Costs in Oneida
For many Oneida homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Oneida, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $4,060. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Oneida average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Oneida, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.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 reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can play a role in determining how much you pay. Oneida’s solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to 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 major players.
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 | $15,017 | 13.5 years |
8 kW | $4.14 | $23,191 | $20,478 | 13.3 years |
10 kW | $4.06 | $28,420 | $26,166 | 13.0 years |
12 kW | $3.98 | $33,422 | $32,081 | 12.8 years |
14 kW | $3.90 | $38,196 | $38,223 | 12.5 years |
16 kW | $3.82 | $42,744 | $44,593 | 12.2 years |
18 kW | $3.74 | $47,064 | $51,191 | 12.0 years |
20 kW | $3.65 | $51,156 | $58,015 | 11.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you need plays a part in which company you should choose, since different companies offer different panels.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
EcoWatch's Oneida, MI Solar Cost FAQs
What is the average cost of installing solar panels in Oneida?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Oneida?
You can’t get solar panels for free in Oneida. 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 prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Oneida is currently $257,783, so you could be looking at a value of about $10,569 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Oneida 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 decreases 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.