Solar Panel Cost Guide in Orangeville, MI (2023 Update)
- Orangeville Solar Installation Cost: $12,060
- 25-Year Savings: $22,223
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Orangeville
See how much it might cost to install solar panels in Orangeville.
In Orangeville, solar panels cost about 2.81 per watt on average. To cover the typical energy usage of the average home in Orangeville, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,058, or $17,243 before the federal solar tax credit of 30% is applied.
How much you pay can go above or below the average in Orangeville depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire. But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on energy bills.
You can click the button below to get connected with a vetted solar installer in Orangeville for a quote for your home.
Solar savings over time in Orangeville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,946 |
| 3 years | $-11,717 |
| 5 years | $-11,489 |
| 7 years | $-11,260 |
| 9 years | $-11,031 |
| 11 years | $-10,803 |
| 13 years | $-10,574 |
| 15 years | $-10,346 |
| 17 years | $-10,117 |
| 19 years | $-9,889 |
| 21 years | $-9,660 |
| 23 years | $-9,431 |
| 25 years | $-9,203 |
Top Solar Installers in Orangeville
Many homeowners opt for a solar panel installer since installing solar panels on your own can be hard. Another benefit of going with a solar installer is that they can help you make the most of your investment by reducing your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers near you:
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
The cost of installing a solar system in Orangeville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,810. 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 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, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Orangeville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Orangeville to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can play a role in determining the cost. Orangeville's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $21,276 | 9.1 years |
| 8 kW | $2.87 | $16,051 | $28,682 | 9.0 years |
| 10 kW | $2.81 | $19,670 | $36,247 | 8.8 years |
| 12 kW | $2.75 | $23,132 | $43,968 | 8.6 years |
| 14 kW | $2.70 | $26,436 | $51,847 | 8.4 years |
| 16 kW | $2.64 | $29,584 | $59,883 | 8.3 years |
| 18 kW | $2.59 | $32,574 | $68,076 | 8.1 years |
| 20 kW | $2.53 | $35,406 | $76,427 | 7.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Reputation: Solar 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 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
What is the average cost of installing solar panels in Orangeville?
The average cost of solar panels in Orangeville 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 kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Orangeville?
A solar panel system isn't free in Orangeville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact my home value?
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 Orangeville is currently $158,338, so you could be looking at a value of about $6,492 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Orangeville is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.