Solar Panel Cost Guide in Spring Arbor, MI (2025 Update)
- Spring Arbor Solar Installation Cost: $17,403
- 25-Year Savings: $22,336
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Spring Arbor
See how much it might cost to install solar panels in Spring Arbor.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Spring Arbor, the average cost of solar panels is 4 per watt.Using this figure, a typical 6.1-kW system would cost about $17,403 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on your specific situation and what company you want to go with.But, once you've paid the initial cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Spring Arbor
| Year | Return on Investment |
|---|---|
| 1 years | $-16,149 |
| 3 years | $-13,642 |
| 5 years | $-11,135 |
| 7 years | $-8,627 |
| 9 years | $-6,120 |
| 11 years | $-3,612 |
| 13 years | $-1,105 |
| 15 years | $1,402 |
| 17 years | $3,910 |
| 19 years | $6,417 |
| 21 years | $8,925 |
| 23 years | $11,432 |
| 25 years | $13,939 |
Top Solar Installers in Spring Arbor
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels on your own can be hard. Some solar installers, particularly local ones, can help you take advantage of incentives in Spring Arbor, therefore optimizing your ROI.
If you're on the hunt for a solar installer in Spring Arbor, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Spring Arbor
Factors that Affect Solar Panel Costs in Spring Arbor
Though the average cost of a solar system in Spring Arbor is $17,403, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Spring Arbor average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Spring Arbor, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.Though solar loans make going solar more accessible for Spring Arbor homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Spring Arbor, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to 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 | $15,953 | 13.2 years |
| 8 kW | $4.14 | $23,191 | $21,725 | 12.9 years |
| 10 kW | $4.06 | $28,420 | $27,725 | 12.7 years |
| 12 kW | $3.98 | $33,422 | $33,952 | 12.4 years |
| 14 kW | $3.90 | $38,196 | $40,407 | 12.1 years |
| 16 kW | $3.82 | $42,744 | $47,089 | 11.9 years |
| 18 kW | $3.74 | $47,064 | $53,998 | 11.6 years |
| 20 kW | $3.65 | $51,156 | $61,134 | 11.4 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall 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 take into account, such as:
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
EcoWatch's Spring Arbor, MI Solar Cost FAQs
How much does it cost to install solar panels in Spring Arbor?
The average cost of solar panels in Spring Arbor is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Spring Arbor, 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.
How long do solar panels last in Spring Arbor?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.