Solar Panel Cost Guide in Romulus, MI (Feb 2023)

  • Romulus Solar Installation Cost: $12,038
  • 25-Year Savings: $13,082
  • Payback Period: 12.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Romulus

Let's have a look at the average cost of solar in Romulus.

The national average cost of solar panels is $2.66 per watt, but in Romulus it's $3 per watt. To cover the typical energy usage of the average home in Romulus, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,038, or $8,908 after the federal solar tax credit of 30% is applied.

The true cost of your system can be above or below the average in Romulus based on a few factors, such as the model of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $16,000 over 20 years on energy bills.

To see your potential ROI and connect with a local solar installer, click the button below.

Solar savings over time in Romulus

Year Return on Investment
1 years $-11,033
3 years $-9,024
5 years $-7,014
7 years $-5,005
9 years $-2,995
11 years $-985
13 years $1,024
15 years $3,034
17 years $5,043
19 years $7,053
21 years $9,063
23 years $11,072
25 years $13,082

Top Solar Installers in Romulus

Putting up solar panels on your own can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for you.

If you'd like to go solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Romulus

Factors that Affect Solar Panel Costs in Romulus

For many Romulus homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Romulus, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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 $2,810. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Romulus, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your total costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

A final factor to consider when trying to evaluate the cost of solar for your home or business in Romulus is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services at different costs. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $12,373 12.4 years
8 kW $2.87 $16,051 $16,812 12.2 years
10 kW $2.81 $19,670 $21,408 12.0 years
12 kW $2.75 $23,132 $26,162 11.7 years
14 kW $2.70 $26,436 $31,073 11.5 years
16 kW $2.64 $29,584 $36,141 11.3 years
18 kW $2.59 $32,574 $41,367 11.0 years
20 kW $2.53 $35,406 $46,750 10.8 years

How to Save on Solar Panels

There are a lot of companies available in Romulus, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
  • Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
  • Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Romulus, MI Solar Cost FAQs

How much does it cost to install solar panels in Romulus?

The average cost of solar panels in Romulus 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration when buying solar panels?

Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Can solar panels eliminate my power bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Romulus, that will require at least a 10-kW system. Not all homes 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.

How long do solar panels last in Romulus?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.

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