Solar Panel Cost Guide in Orangeville, MI (Mar 2023)
- Orangeville Solar Installation Cost: $12,058
- 25-Year Savings: $22,226
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Orangeville
Let's have a look at the average cost of solar in Orangeville.
The national average cost of solar panels is $2.66 per watt, but in Orangeville it's 2.81 per watt. The average solar panel system size in Orangeville is around 6.1 kilowatts, meaning a cost of about $12,058 for a solar installation, or $17,243 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more. With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Orangeville find investing in solar can be quite rewarding.
To get a free quote from a pre-vetted solar installation company in Orangeville, you can click the button below.
Solar savings over time in Orangeville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,686 |
| 3 years | $-7,944 |
| 5 years | $-5,201 |
| 7 years | $-2,458 |
| 9 years | $284 |
| 11 years | $3,027 |
| 13 years | $5,770 |
| 15 years | $8,512 |
| 17 years | $11,255 |
| 19 years | $13,998 |
| 21 years | $16,740 |
| 23 years | $19,483 |
| 25 years | $22,226 |
Top Solar Installers in Orangeville
Although you can install solar panels yourself, it requires extra time and knowledge. That's one of the reasons almost all homeowners choose to go with a solar panel installer. In addition, if you'd like to maximize your investment in solar, opting for a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Orangeville:
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 install a solar energy system rests on 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 various 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 home, 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 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. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Orangeville average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can influence the cost. Orangeville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Orangeville have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
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?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my property value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide 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.