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.Using this figure, a typical 6.2-kW system would cost about $17,556 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of an installer can make switching to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you’d like to go solar but still aren’t certain which solar installer to go with, here are our suggestions for providers near you:
See all of the solar companies in Rose
Factors that Affect Solar Panel Costs in Rose
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Rose: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,060. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Rose, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Rose offer solar loans, which reduce your upfront costs of installing a solar system.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Rose, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $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 choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company’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 the company going out of business.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
EcoWatch's Rose, MI Solar Cost FAQs
How much does it cost to install solar panels in Rose?
The average cost of solar panels in Rose 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Rose?
You can’t get solar panels for free in Rose. However, you may still be able to install 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.
Do solar panels increase your home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 house 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.