Solar Panel Cost Guide in Raisinville, MI (2024 Update)
- Raisinville Solar Installation Cost: $17,071
- 25-Year Savings: $15,342
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Raisinville
Let’s take a look at the average cost of solar panels in Raisinville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Raisinville, the average cost of a solar system is 4 per watt.To cover the typical energy usage of the average home in Raisinville, most homeowners require a 6.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,071, or $24,412 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what solar installer you go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Raisinville find going solar can pay off big.
Click the button below to get connected to a vetted solar panel company in Raisinville for a customized estimate.
Solar savings over time in Raisinville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,734 |
| 3 years | $-13,060 |
| 5 years | $-10,386 |
| 7 years | $-7,713 |
| 9 years | $-5,039 |
| 11 years | $-2,365 |
| 13 years | $309 |
| 15 years | $2,982 |
| 17 years | $5,656 |
| 19 years | $8,330 |
| 21 years | $11,004 |
| 23 years | $13,677 |
| 25 years | $16,351 |
Top Solar Installers in Raisinville
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be a labor-intensive endeavor. A solar installer can also help save you money over time by providing warranties, repairs and system component replacements.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Raisinville
Factors that Affect Solar Panel Costs in Raisinville
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Raisinville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,060.The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Raisinville homeowners opt to finance their solar panel systems to make paying for solar more affordable.Although solar loans make switching to solar energy more accessible for Raisinville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Raisinville, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Some companies 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 provides the products, warranties and services you want 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 | $4.22 | $17,734 | $9,393 | 16.3 years |
| 8 kW | $4.14 | $23,191 | $12,978 | 16.0 years |
| 10 kW | $4.06 | $28,420 | $16,791 | 15.7 years |
| 12 kW | $3.98 | $33,422 | $20,831 | 15.4 years |
| 14 kW | $3.90 | $38,196 | $25,099 | 15.1 years |
| 16 kW | $3.82 | $42,744 | $29,594 | 14.8 years |
| 18 kW | $3.74 | $47,064 | $34,317 | 14.5 years |
| 20 kW | $3.65 | $51,156 | $39,266 | 14.1 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Raisinville, MI Solar Cost FAQs
How much does it cost to install solar panels in Raisinville?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Raisinville?
You can’t get solar panels for free in Raisinville. 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 want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t opt for 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.