Solar Panel Cost Guide in Oronoko, MI (2023 Update)
- Oronoko Solar Installation Cost: $11,645
- 25-Year Savings: $13,537
- Payback Period: 11.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Oronoko
Let's have a look at the average cost of solar panels in Oronoko.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Oronoko, the average cost of solar panels is 2.81 per watt. The average solar panel system size in Oronoko is around 5.9 kilowatts, meaning a cost of about $11,645 for a solar installation, or $16,652 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more. With typical savings of about $16,000 on utility bills over 20 years, many homeowners in Oronoko find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar company in Oronoko that can help you get a more accurate cost estimate for your home.
Solar savings over time in Oronoko
| Year | Return on Investment |
|---|---|
| 1 years | $-10,637 |
| 3 years | $-8,623 |
| 5 years | $-6,608 |
| 7 years | $-4,594 |
| 9 years | $-2,579 |
| 11 years | $-565 |
| 13 years | $1,450 |
| 15 years | $3,464 |
| 17 years | $5,479 |
| 19 years | $7,493 |
| 21 years | $9,508 |
| 23 years | $11,522 |
| 25 years | $13,537 |
Top Solar Installers in Oronoko
Many homeowners choose to use a solar installation company since figuring out how to install solar panels yourself can be a lot of work. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Oronoko
Factors that Affect Solar Panel Costs in Oronoko
The cost of installing a solar system in Oronoko can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,810 per kilowatt in Oronoko. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Oronoko offer solar loans, which reduce your upfront costs of installing solar. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Oronoko is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that offer a range of services at different price points. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $13,230 | 12.0 years |
| 8 kW | $2.87 | $16,051 | $17,955 | 11.8 years |
| 10 kW | $2.81 | $19,670 | $22,837 | 11.6 years |
| 12 kW | $2.75 | $23,132 | $27,877 | 11.3 years |
| 14 kW | $2.70 | $26,436 | $33,074 | 11.1 years |
| 16 kW | $2.64 | $29,584 | $38,428 | 10.9 years |
| 18 kW | $2.59 | $32,574 | $43,939 | 10.6 years |
| 20 kW | $2.53 | $35,406 | $49,608 | 10.4 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: If you're concerned about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 Oronoko, MI Solar Cost FAQs
What is the average cost of installing solar panels in Oronoko?
The average cost of solar panels in Oronoko 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Oronoko?
You can't get solar panels for free in Oronoko. However, you may still be able to install 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.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Oronoko is currently $145,510, so you can look forward to a value of about $5,966 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Oronoko is a fruitful investment.
How often do you have to replace solar panels?
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 how much 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 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.