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 solar panels in Surrey is 4 per watt.The average Surrey homeowner needs a 6.2-kilowatt system, which would cost about $17,584 with the federal tax credit, or $25,145 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more.Even with the significant upfront cost, the average Surrey homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Surrey for a quote for your home.
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
Although you can install solar panels on your own, it takes extra time and know-how. Because of that, the majority of homeowners choose a solar panel installer. Plus, if you’re unsure 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 compiled a list of our top suggestions here:
See all of the solar companies in Surrey
Factors that Affect Solar Panel Costs in Surrey
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 Surrey: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main 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 increase costs. For each additional kilowatt you need, your cost can go up by about $4,060.There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Surrey homeowners opt to finance their solar panel systems to make paying for solar more affordable.Though solar loans make switching to solar energy more accessible for Surrey homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing 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 discount can bring their pricing lower 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 | $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
The solar installer you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Installation Process: When making the switch to solar energy, it’s crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
EcoWatch's Surrey, MI Solar Cost FAQs
How much does it cost to install solar panels in Surrey?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels 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 prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 usually produce about 250 to 400 watt-hours per hour, the average house 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.