Solar Panel Cost Guide in Pennfield, MI (2025 Update)
- Pennfield Solar Installation Cost: $17,354
- 25-Year Savings: $21,679
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Pennfield
We go over average solar pricing in Pennfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pennfield, the typical cost of a solar system is 4 per watt.Using this figure, a typical 6.1-kW system would cost about $17,354 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will differ based on the amount of energy your home requires and what company you choose to go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Pennfield can save about $21,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Pennfield, you can click the button below.
Solar savings over time in Pennfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,101 |
| 3 years | $-13,593 |
| 5 years | $-11,086 |
| 7 years | $-8,579 |
| 9 years | $-6,071 |
| 11 years | $-3,564 |
| 13 years | $-1,056 |
| 15 years | $1,451 |
| 17 years | $3,958 |
| 19 years | $6,466 |
| 21 years | $8,973 |
| 23 years | $11,480 |
| 25 years | $13,988 |
Top Solar Installers in Pennfield
When making the switch to solar, many homeowners decide to hire a solar installer since installing solar panels yourself can be a challenging project. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for your home.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Pennfield
Factors that Affect Solar Panel Costs in Pennfield
For many Pennfield homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Pennfield, 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
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Pennfield homeowners opt to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Pennfield is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services at different costs.The company’s size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better 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 down to compete with bigger companies.
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 | $15,369 | 13.4 years |
| 8 kW | $4.14 | $23,191 | $20,947 | 13.1 years |
| 10 kW | $4.06 | $28,420 | $26,752 | 12.9 years |
| 12 kW | $3.98 | $33,422 | $32,785 | 12.6 years |
| 14 kW | $3.90 | $38,196 | $39,045 | 12.4 years |
| 16 kW | $3.82 | $42,744 | $45,532 | 12.1 years |
| 18 kW | $3.74 | $47,064 | $52,246 | 11.8 years |
| 20 kW | $3.65 | $51,156 | $59,188 | 11.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences 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:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Pennfield, MI Solar Cost FAQs
How much does it cost to install solar panels in Pennfield?
The average cost of solar panels in Pennfield is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Pennfield, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.