Solar Panel Cost Guide in Rose, MI (2024 Update)
- Rose Solar Installation Cost: $17,556
- 25-Year Savings: $15,515
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Rose
We break down average solar pricing in Rose.
The national average cost of solar panels is $2.66 per watt, but in Rose it’s 4 per watt.The average Rose homeowner needs a 6.2-kilowatt system, which would cost about $17,556 with the federal tax credit, or $25,105 before the 0 tax credit is applied.
These figures are only averages, and your own solar costs will differ based on your specific situation and what company you want to go with.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Rose find investing in solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Rose
| Year | Return on Investment |
|---|---|
| 1 years | $-16,256 |
| 3 years | $-13,656 |
| 5 years | $-11,056 |
| 7 years | $-8,456 |
| 9 years | $-5,857 |
| 11 years | $-3,257 |
| 13 years | $-657 |
| 15 years | $1,943 |
| 17 years | $4,543 |
| 19 years | $7,143 |
| 21 years | $9,742 |
| 23 years | $12,342 |
| 25 years | $14,942 |
Top Solar Installers in Rose
When switching to solar energy, many homeowners decide to use a solar company since putting up solar panels yourself can be a time-consuming project. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Rose
Factors that Affect Solar Panel Costs in Rose
For many Rose homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Rose, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. The model of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, 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
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Rose, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Rose, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $4.22 | $17,734 | $9,138 | 16.5 years |
| 8 kW | $4.14 | $23,191 | $12,639 | 16.2 years |
| 10 kW | $4.06 | $28,420 | $16,367 | 15.9 years |
| 12 kW | $3.98 | $33,422 | $20,322 | 15.5 years |
| 14 kW | $3.90 | $38,196 | $24,505 | 15.2 years |
| 16 kW | $3.82 | $42,744 | $28,915 | 14.9 years |
| 18 kW | $3.74 | $47,064 | $33,552 | 14.6 years |
| 20 kW | $3.65 | $51,156 | $38,417 | 14.3 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The kind of solar panel you need plays a part in which installer you should choose, since different companies have different panels.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
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 Rose, MI Solar Cost FAQs
How much does it cost to install solar panels in Rose?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Rose?
You can’t get solar panels for free in Rose. 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 want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact my home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose 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 a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.