Solar Panel Cost Guide in Salem, MI (2023 Update)

  • Salem Solar Installation Cost: $17,419
  • 25-Year Savings: $13,064
  • Payback Period: 17.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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 Salem

Let’s have a look at the average cost of solar in Salem.

The average cost of solar panels in Salem is 4 per watt.Using this figure, a typical 6.1-kW system would cost about $17,419 before the 0 federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you will look different based on factors unique to your home and what company you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $16,000 over 20 years on electricity bills.

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

Solar savings over time in Salem

Year Return on Investment
1 years $-16,027
3 years $-13,242
5 years $-10,457
7 years $-7,673
9 years $-4,888
11 years $-2,103
13 years $681
15 years $3,466
17 years $6,251
19 years $9,035
21 years $11,820
23 years $14,605
25 years $17,389

Top Solar Installers in Salem

Many homeowners choose to hire a solar installer since figuring out how to install solar panels yourself can be time-consuming. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.

Working with a professional solar installer can make going solar easier. Here are our recommendations:

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

Outstanding Local Installer

The Green Panel

★★★★★
4.5

  • Outstanding customer service
  • Excellent reputation
  • Great warranty coverage
  • No leases or PPAs

See all of the solar companies in Salem

Factors that Affect Solar Panel Costs in Salem

While the average cost of a solar system in Salem is $17,419, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Salem, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $4,060 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Salem homeowners opt to finance their solar panel systems to offset upfront costs.It’s wise to add 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 how long it’ll take to pay back the loan.

Solar Panel Installation Company

The solar company you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Salem, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 $6,856 18.0 years
8 kW $4.14 $23,191 $9,597 17.7 years
10 kW $4.06 $28,420 $12,564 17.3 years
12 kW $3.98 $33,422 $15,759 17.0 years
14 kW $3.90 $38,196 $19,181 16.6 years
16 kW $3.82 $42,744 $22,831 16.3 years
18 kW $3.74 $47,064 $26,708 15.9 years
20 kW $3.65 $51,156 $30,812 15.6 years

How to Save on Solar Panels

Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
  • Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
  • Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
  • Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.

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

Outstanding Local Installer

The Green Panel

★★★★★
4.5

  • Outstanding customer service
  • Excellent reputation
  • Great warranty coverage
  • No leases or PPAs

EcoWatch's Salem, MI Solar Cost FAQs

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

The average cost of solar panels in Salem 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 kind of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Salem?

Solar panels aren’t free in Salem, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Does Salem have a net metering program?

The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

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 average daily 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 install 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.

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.

Follow us