Solar Panel Cost Guide in Riverview, MI (2025 Update)
- Riverview Solar Installation Cost: $17,379
- 25-Year Savings: $14,605
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Riverview
Find out what the average cost of solar panel installation is in Riverview.
The national average cost of solar panels is $2.66 per watt, but in Riverview it’s 4 per watt.Using this figure, a typical 6.1-kW system would cost about $17,379 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
To receive a free estimate from a vetted solar installer in Riverview, you can click the button below.
Solar savings over time in Riverview
| Year | Return on Investment |
|---|---|
| 1 years | $-15,987 |
| 3 years | $-13,202 |
| 5 years | $-10,417 |
| 7 years | $-7,633 |
| 9 years | $-4,848 |
| 11 years | $-2,063 |
| 13 years | $721 |
| 15 years | $3,506 |
| 17 years | $6,291 |
| 19 years | $9,075 |
| 21 years | $11,860 |
| 23 years | $14,645 |
| 25 years | $17,429 |
Top Solar Installers in Riverview
Installing solar panels by yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Another advantage of utilizing a solar company is that they can help you optimize your ROI by bringing down your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers in Riverview:
See all of the solar companies in Riverview
Factors that Affect Solar Panel Costs in Riverview
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $4,060 per kilowatt in Riverview.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Riverview, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $8,398 | 17.0 years |
| 8 kW | $4.14 | $23,191 | $11,652 | 16.6 years |
| 10 kW | $4.06 | $28,420 | $15,133 | 16.3 years |
| 12 kW | $3.98 | $33,422 | $18,842 | 16.0 years |
| 14 kW | $3.90 | $38,196 | $22,778 | 15.7 years |
| 16 kW | $3.82 | $42,744 | $26,942 | 15.3 years |
| 18 kW | $3.74 | $47,064 | $31,333 | 15.0 years |
| 20 kW | $3.65 | $51,156 | $35,951 | 14.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
EcoWatch's Riverview, MI Solar Cost FAQs
How much does it cost to install solar panels in Riverview?
The average cost of solar panels in Riverview 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 such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Riverview?
A solar panel system isn’t free in Riverview, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Riverview?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy between 20 and 35 panels to cover 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.