Solar Panel Cost Guide in Roosevelt Park, MI (2023 Update)
- Roosevelt Park Solar Installation Cost: $11,315
- 25-Year Savings: $23,989
- Payback Period: 8.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Roosevelt Park
We go over average solar pricing in Roosevelt Park.
The national average cost of solar panels is $2.66 per watt, but in Roosevelt Park it's 2.81 per watt. The average solar panel system size in Roosevelt Park is around 5.8 kilowatts, meaning a cost of about $11,310 for a solar installation, or $16,173 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 may vary based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Even with the high upfront cost, the average Roosevelt Park homeowner can save about $23,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free estimate from a vetted solar installer in Roosevelt Park, you can click the button below.
Solar savings over time in Roosevelt Park
| Year | Return on Investment |
|---|---|
| 1 years | $-11,197 |
| 3 years | $-10,962 |
| 5 years | $-10,727 |
| 7 years | $-10,491 |
| 9 years | $-10,256 |
| 11 years | $-10,021 |
| 13 years | $-9,785 |
| 15 years | $-9,550 |
| 17 years | $-9,315 |
| 19 years | $-9,079 |
| 21 years | $-8,844 |
| 23 years | $-8,608 |
| 25 years | $-8,373 |
Top Solar Installers in Roosevelt Park
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make your switch to solar power much easier. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Roosevelt Park
Factors that Affect Solar Panel Costs in Roosevelt Park
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Roosevelt Park: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. 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 opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Roosevelt Park average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Roosevelt Park homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can affect the cost. Roosevelt Park's solar companies all have different labor costs and add varying upcharges to 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 with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fits 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 | $2.92 | $12,274 | $24,549 | 8.3 years |
| 8 kW | $2.87 | $16,051 | $33,047 | 8.2 years |
| 10 kW | $2.81 | $19,670 | $41,702 | 8.0 years |
| 12 kW | $2.75 | $23,132 | $50,514 | 7.9 years |
| 14 kW | $2.70 | $26,436 | $59,484 | 7.7 years |
| 16 kW | $2.64 | $29,584 | $68,612 | 7.5 years |
| 18 kW | $2.59 | $32,574 | $77,896 | 7.4 years |
| 20 kW | $2.53 | $35,406 | $87,338 | 7.2 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: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
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 Roosevelt Park, MI Solar Cost FAQs
How much does it cost to install solar panels in Roosevelt Park?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Roosevelt Park?
You can't get solar panels for free in Roosevelt Park. However, you may still be able to afford 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.
Is it worth going solar in Roosevelt Park?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Roosevelt Park?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.