Solar Panel Cost Guide in Quincy, MI (2023 Update)
- Quincy Solar Installation Cost: $11,940
- 25-Year Savings: $20,782
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Quincy
Find out what the average cost of a solar system is in Quincy.
In Quincy, solar panels cost about 2.81 per watt on average. Because a 6.1-kW system is needed to cover the energy needs of a typical home in Quincy, the average price of going solar will be about $11,940 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Quincy homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $21,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar company in Quincy for a quote for your home.
Solar savings over time in Quincy
| Year | Return on Investment |
|---|---|
| 1 years | $-10,631 |
| 3 years | $-8,013 |
| 5 years | $-5,395 |
| 7 years | $-2,778 |
| 9 years | $-160 |
| 11 years | $2,458 |
| 13 years | $5,076 |
| 15 years | $7,694 |
| 17 years | $10,311 |
| 19 years | $12,929 |
| 21 years | $15,547 |
| 23 years | $18,165 |
| 25 years | $20,782 |
Top Solar Installers in Quincy
Many homeowners decide to use a solar panel installer since installing solar panels on your own can be a labor-intensive endeavor. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can help you install your solar system. 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 Quincy
Factors that Affect Solar Panel Costs in Quincy
While the average cost of a solar system in Quincy is $11,940, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The 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 electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Quincy average.
Solar Financing Terms
Most solar companies in Quincy have solar loans, which reduce the initial cost of installing solar. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar system can affect how much it costs. Quincy's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access 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 discount 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 | $2.92 | $12,274 | $20,097 | 9.5 years |
| 8 kW | $2.87 | $16,051 | $27,110 | 9.3 years |
| 10 kW | $2.81 | $19,670 | $34,281 | 9.1 years |
| 12 kW | $2.75 | $23,132 | $41,610 | 8.9 years |
| 14 kW | $2.70 | $26,436 | $49,095 | 8.8 years |
| 16 kW | $2.64 | $29,584 | $56,738 | 8.6 years |
| 18 kW | $2.59 | $32,574 | $64,539 | 8.4 years |
| 20 kW | $2.53 | $35,406 | $72,497 | 8.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should opt for, since different companies have different panels.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
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 Quincy, MI Solar Cost FAQs
What is the average cost of installing solar panels in Quincy?
The average cost of solar panels in Quincy 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 kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Quincy?
You can't get solar panels for free in Quincy. However, you may still be able to get 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.
Do solar panels increase the value of your home?
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 Quincy is currently $111,989, which means you could be looking at a value of about $4,592 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Quincy is a fruitful investment.
How long do solar panels last in Quincy?
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 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.