Solar Panel Cost Guide in Solon, MI (2025 Update)
- Solon Solar Installation Cost: $17,551
- 25-Year Savings: $22,357
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Solon
See how much it might cost to go solar in Solon.
The average cost of a solar system in Solon is 4 per watt.Because a 6.2-kW system is needed to cover the energy costs of a typical home in Solon, the average price of going solar will be about $17,551 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Solon homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find going solar is a solid investment. The average homeowner in Solon can save around $21,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a personalized estimate.
Solar savings over time in Solon
Year | Return on Investment |
---|---|
1 years | $-16,297 |
3 years | $-13,790 |
5 years | $-11,282 |
7 years | $-8,775 |
9 years | $-6,268 |
11 years | $-3,760 |
13 years | $-1,253 |
15 years | $1,255 |
17 years | $3,762 |
19 years | $6,269 |
21 years | $8,777 |
23 years | $11,284 |
25 years | $13,792 |
Top Solar Installers in Solon
Many homeowners choose to hire a solar installer since trying to install solar panels yourself can be challenging. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Solon
Factors that Affect Solar Panel Costs in Solon
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Solon: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The 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 over time on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Solon average.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies in Solon, and each can charge varying amounts for labor and equipment.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more 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 down to compete with bigger names.
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 | $15,789 | 13.2 years |
8 kW | $4.14 | $23,191 | $21,507 | 13.0 years |
10 kW | $4.06 | $28,420 | $27,452 | 12.7 years |
12 kW | $3.98 | $33,422 | $33,625 | 12.5 years |
14 kW | $3.90 | $38,196 | $40,025 | 12.2 years |
16 kW | $3.82 | $42,744 | $46,652 | 12.0 years |
18 kW | $3.74 | $47,064 | $53,507 | 11.7 years |
20 kW | $3.65 | $51,156 | $60,589 | 11.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
EcoWatch's Solon, MI Solar Cost FAQs
What is the average cost of installing solar panels in Solon?
The average cost of solar panels in Solon 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Solon?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Solon, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 needs 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.