Solar Panel Cost Guide in Springfield, MI (2025 Update)
- Springfield Solar Installation Cost: $17,556
- 25-Year Savings: $13,895
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Springfield
Let’s have a look at the average cost of solar panels in Springfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Springfield, the average cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Springfield, most homeowners require a 6.2-kilowatt system. Using the figure above, a solar installation costs about $17,556, or $25,105 before the federal solar tax credit of 0 is applied.
The true cost of your system can go higher or lower than the average in Springfield based on a few factors, such as the kind of solar panels you choose and the solar company you hire.Despite the significant initial cost, the average Springfield homeowner can save around $16,000 on their power bills over 20 years, which is one of the perks of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-16,191 |
| 3 years | $-13,462 |
| 5 years | $-10,733 |
| 7 years | $-8,003 |
| 9 years | $-5,274 |
| 11 years | $-2,545 |
| 13 years | $184 |
| 15 years | $2,913 |
| 17 years | $5,643 |
| 19 years | $8,372 |
| 21 years | $11,101 |
| 23 years | $13,830 |
| 25 years | $16,559 |
Top Solar Installers in Springfield
Although you can install solar panels yourself, it takes extra effort and handiness. For that reason, most homeowners choose to go with a solar panel installer. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar installer in Springfield, we've compiled a list of our top suggestions here:
See all of the solar companies in Springfield
Factors that Affect Solar Panel Costs in Springfield
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Springfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,060.The brand and type 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 often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Springfield have solar loans, which reduce your upfront costs of installing solar panels.Though solar loans make going solar more accessible for Springfield homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Springfield, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have 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 discount 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 | $7,564 | 17.5 years |
| 8 kW | $4.14 | $23,191 | $10,540 | 17.2 years |
| 10 kW | $4.06 | $28,420 | $13,744 | 16.9 years |
| 12 kW | $3.98 | $33,422 | $17,175 | 16.5 years |
| 14 kW | $3.90 | $38,196 | $20,833 | 16.2 years |
| 16 kW | $3.82 | $42,744 | $24,718 | 15.8 years |
| 18 kW | $3.74 | $47,064 | $28,831 | 15.5 years |
| 20 kW | $3.65 | $51,156 | $33,171 | 15.2 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- 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.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
EcoWatch's Springfield, MI Solar Cost FAQs
What is the average cost of installing solar panels in Springfield?
The average cost of solar panels in Springfield 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
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 throughout Springfield, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.