Solar Panel Cost Guide in Surrey, MI (2025 Update)
- Surrey Solar Installation Cost: $17,584
- 25-Year Savings: $21,521
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Surrey
Find out what the average cost of installing solar panels is in Surrey.
The average cost of a solar panel system in Surrey is 4 per watt.The average solar panel system size in Surrey is around 6.2 kilowatts, meaning a cost of about $17,584 for a solar installation, or $25,145 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Surrey based on a few factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Surrey can save about $21,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in Surrey for a customized estimate.
Solar savings over time in Surrey
| Year | Return on Investment |
|---|---|
| 1 years | $-16,331 |
| 3 years | $-13,823 |
| 5 years | $-11,316 |
| 7 years | $-8,809 |
| 9 years | $-6,301 |
| 11 years | $-3,794 |
| 13 years | $-1,286 |
| 15 years | $1,221 |
| 17 years | $3,728 |
| 19 years | $6,236 |
| 21 years | $8,743 |
| 23 years | $11,251 |
| 25 years | $13,758 |
Top Solar Installers in Surrey
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Hiring a solar panel installer can make converting to solar power much easier. Plus, if you aren’t sure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar installer in Surrey, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Surrey
Factors that Affect Solar Panel Costs in Surrey
Although the average cost of a solar system in Surrey is $17,584, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,060. The 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. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Surrey average.
Solar Financing Terms
Most solar companies in Surrey offer solar loans, which reduce your upfront costs of installing a solar system.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Surrey is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $14,937 | 13.6 years |
| 8 kW | $4.14 | $23,191 | $20,371 | 13.3 years |
| 10 kW | $4.06 | $28,420 | $26,032 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $31,921 | 12.8 years |
| 14 kW | $3.90 | $38,196 | $38,037 | 12.5 years |
| 16 kW | $3.82 | $42,744 | $44,380 | 12.3 years |
| 18 kW | $3.74 | $47,064 | $50,950 | 12.0 years |
| 20 kW | $3.65 | $51,156 | $57,748 | 11.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Surrey, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Warranty: If you’re worried about the endurance of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
EcoWatch's Surrey, MI Solar Cost FAQs
What is the average cost of installing solar panels in Surrey?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Surrey?
You can’t get solar panels for free in Surrey. 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 property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Surrey is currently $169,903, so you can look forward to a value of about $6,966 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Surrey is a fruitful investment.
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 get between 20 and 35 panels to account for 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.