Solar Panel Cost Guide in Raisin, MI (2024 Update)
- Raisin Solar Installation Cost: $17,337
- 25-Year Savings: $19,722
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Raisin
Let’s have a look at the average cost of solar panels in Raisin.
Although the national average of solar panels is $2.66 per watt, solar panels in Raisin typically cost about 4.Since a 6.1-kW system is needed to cover the energy needs of a typical home in Raisin, the average price of going solar will be about $17,337 after claiming the federal solar tax credit of 0.
The true price you pay can go above or below the average in Raisin depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a rewarding investment. The average homeowner in Raisin can save about $20,000 on their power bills over 20 years.
To receive a free estimate from a top solar company in Raisin, you can click the button below.
Solar savings over time in Raisin
| Year | Return on Investment |
|---|---|
| 1 years | $-16,083 |
| 3 years | $-13,576 |
| 5 years | $-11,068 |
| 7 years | $-8,561 |
| 9 years | $-6,053 |
| 11 years | $-3,546 |
| 13 years | $-1,039 |
| 15 years | $1,469 |
| 17 years | $3,976 |
| 19 years | $6,484 |
| 21 years | $8,991 |
| 23 years | $11,498 |
| 25 years | $14,006 |
Top Solar Installers in Raisin
When switching to solar energy, many homeowners decide to hire a solar installer since handling can be a time-consuming project. The expertise that solar installers offer can be useful as well, particularly if you don’t quite know what kind of solar equipment would be right for your home.
If you're looking for a solar installer in Raisin, we've organized a list of our top suggestions here:
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
Outstanding Local Installer
The Green Panel
- Outstanding customer service
- Excellent reputation
- Great warranty coverage
- No leases or PPAs
See all of the solar companies in Raisin
Factors that Affect Solar Panel Costs in Raisin
For many Raisin homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Raisin, 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 determines the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Raisin, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Raisin, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Raisin is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $4.22 | $17,734 | $13,466 | 14.2 years |
| 8 kW | $4.14 | $23,191 | $18,410 | 13.9 years |
| 10 kW | $4.06 | $28,420 | $23,581 | 13.7 years |
| 12 kW | $3.98 | $33,422 | $28,979 | 13.4 years |
| 14 kW | $3.90 | $38,196 | $34,604 | 13.1 years |
| 16 kW | $3.82 | $42,744 | $40,457 | 12.8 years |
| 18 kW | $3.74 | $47,064 | $46,538 | 12.6 years |
| 20 kW | $3.65 | $51,156 | $52,845 | 12.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the project completion timeline.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
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
Outstanding Local Installer
The Green Panel
- Outstanding customer service
- Excellent reputation
- Great warranty coverage
- No leases or PPAs
EcoWatch's Raisin, MI Solar Cost FAQs
What is the average cost of installing solar panels in Raisin?
The average cost of solar panels in Raisin is about $20,300 for a 5-kW system and $40,600 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 use.
Are solar panels free in Raisin?
You can’t get solar panels for free in Raisin. 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 your home value?
Solar panels can increase the value of your home 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% after installing solar panels."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.