Solar Panel Cost Guide in Perry, MI (2023 Update)
- Perry Solar Installation Cost: $12,215
- 25-Year Savings: $17,997
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Perry
Let's take a look at the average cost of solar panels in Perry.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Perry, the average cost of a solar system is 2.81 per watt. The average solar panel system size in Perry is around 6.2 kilowatts, meaning a cost of about $12,215 for a solar installation, or $17,467 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Perry depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $18,000 over 20 years on electricity bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Perry
| Year | Return on Investment |
|---|---|
| 1 years | $-11,007 |
| 3 years | $-8,590 |
| 5 years | $-6,173 |
| 7 years | $-3,756 |
| 9 years | $-1,339 |
| 11 years | $1,078 |
| 13 years | $3,495 |
| 15 years | $5,912 |
| 17 years | $8,329 |
| 19 years | $10,746 |
| 21 years | $13,163 |
| 23 years | $15,580 |
| 25 years | $17,997 |
Top Solar Installers in Perry
When going solar, many homeowners opt to hire a solar company since installing solar panels yourself can be a time-consuming project. Some solar installers, particularly local ones, can help you take advantage of incentives in Perry, optimizing your ROI.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Perry
Factors that Affect Solar Panel Costs in Perry
Even though the average cost of a solar system in Perry is $12,215, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
When it comes to estimating the price of a solar energy system in Perry, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,810 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Perry, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Perry homeowners choose to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Perry, and each can charge varying amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also is within your budget.
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 | $16,928 | 10.5 years |
| 8 kW | $2.87 | $16,051 | $22,886 | 10.3 years |
| 10 kW | $2.81 | $19,670 | $29,000 | 10.1 years |
| 12 kW | $2.75 | $23,132 | $35,273 | 9.9 years |
| 14 kW | $2.70 | $26,436 | $41,702 | 9.7 years |
| 16 kW | $2.64 | $29,584 | $48,289 | 9.5 years |
| 18 kW | $2.59 | $32,574 | $55,033 | 9.3 years |
| 20 kW | $2.53 | $35,406 | $61,935 | 9.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind 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 take a look at their list of offerings before deciding.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Perry, MI Solar Cost FAQs
What is the average cost of installing solar panels in Perry?
The average cost of solar panels in Perry 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 use.
Are solar panels free in Perry?
You can't get solar panels for free in Perry. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $973.41 per year.
How long do solar panels last in Perry?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.