Solar Panel Cost Guide in Orangeville, MI (2024 Update)
- Orangeville Solar Installation Cost: $17,425
- 25-Year Savings: $22,223
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Orangeville
We go over average solar pricing in Orangeville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Orangeville, the typical cost of solar panels is 4 per watt.Using this figure, a typical 6.1-kW system would cost about $17,425 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Orangeville depending on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.With average savings of about $21,000 on power bills over 20 years, many homeowners in Orangeville find investing in solar can be quite rewarding.
Click the button below to get connected to a highly rated solar panel company in Orangeville for a customized quote.
Solar savings over time in Orangeville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,171 |
| 3 years | $-13,664 |
| 5 years | $-11,156 |
| 7 years | $-8,649 |
| 9 years | $-6,141 |
| 11 years | $-3,634 |
| 13 years | $-1,127 |
| 15 years | $1,381 |
| 17 years | $3,888 |
| 19 years | $6,396 |
| 21 years | $8,903 |
| 23 years | $11,410 |
| 25 years | $13,918 |
Top Solar Installers in Orangeville
When switching to solar energy, many homeowners choose to go with a solar installation company since putting up solar panels yourself can be a time-consuming project. Another good thing about using a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
If you're on the hunt for a solar installer in Orangeville, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- 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
- 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 Orangeville
Factors that Affect Solar Panel Costs in Orangeville
For many Orangeville homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Orangeville, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, 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 solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Orangeville average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Although solar loans make switching to solar energy more accessible for Orangeville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in Orangeville, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to 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 | $4.22 | $17,734 | $15,816 | 13.2 years |
| 8 kW | $4.14 | $23,191 | $21,542 | 13.0 years |
| 10 kW | $4.06 | $28,420 | $27,497 | 12.7 years |
| 12 kW | $3.98 | $33,422 | $33,678 | 12.5 years |
| 14 kW | $3.90 | $38,196 | $40,087 | 12.2 years |
| 16 kW | $3.82 | $42,744 | $46,723 | 11.9 years |
| 18 kW | $3.74 | $47,064 | $53,586 | 11.7 years |
| 20 kW | $3.65 | $51,156 | $60,677 | 11.4 years |
How to Save on Solar Panels
There are many companies to choose from in Orangeville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
Best National Provider
SunPower
- 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
- 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 Orangeville, MI Solar Cost FAQs
How much does it cost to install solar panels in Orangeville?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
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.