Solar Panel Cost Guide in Raisinville, MI (2023 Update)
- Raisinville Solar Installation Cost: $11,822
- 25-Year Savings: $15,335
- Payback Period: 10.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Raisinville
Let's have 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 typical cost of solar panels is 2.81 per watt. Using this figure, a typical 6.0-kW system would cost about $11,822 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more. With average savings of about $17,000 on utility bills over 20 years, many homeowners in Raisinville find going solar can be quite rewarding.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Raisinville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,735 |
| 3 years | $-8,563 |
| 5 years | $-6,390 |
| 7 years | $-4,218 |
| 9 years | $-2,045 |
| 11 years | $127 |
| 13 years | $2,300 |
| 15 years | $4,472 |
| 17 years | $6,645 |
| 19 years | $8,817 |
| 21 years | $10,990 |
| 23 years | $13,163 |
| 25 years | $15,335 |
Top Solar Installers in Raisinville
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring an installer can make converting to solar power much easier. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a licensed solar installer can help your solar project go smoothly. 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 Raisinville
Factors that Affect Solar Panel Costs in Raisinville
There are several factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar energy system in Raisinville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,810 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Raisinville average.
Solar Financing Terms
Most solar installers in Raisinville offer solar loans, which reduce the initial cost of installing a solar system. Though solar loans make adopting solar energy more accessible for Raisinville homeowners, they can also raise the total you pay for your system due to interest. 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
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Raisinville is the company you get to install your PV system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $14,853 | 11.3 years |
| 8 kW | $2.87 | $16,051 | $20,118 | 11.1 years |
| 10 kW | $2.81 | $19,670 | $25,541 | 10.9 years |
| 12 kW | $2.75 | $23,132 | $31,121 | 10.7 years |
| 14 kW | $2.70 | $26,436 | $36,859 | 10.4 years |
| 16 kW | $2.64 | $29,584 | $42,754 | 10.2 years |
| 18 kW | $2.59 | $32,574 | $48,807 | 10.0 years |
| 20 kW | $2.53 | $35,406 | $55,016 | 9.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good 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 satisfied reviews from previous customers.
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should choose, since different companies offer different panels.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
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
What is the average cost of installing solar panels in Raisinville?
The average cost of solar panels in Raisinville 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 use.
Are solar panels free in Raisinville?
You can't get solar panels for free in Raisinville. 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'd rather own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Raisinville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact 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 how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.