Solar Panel Cost Guide in Taymouth, MI (2023 Update)

  • Taymouth Solar Installation Cost: $12,195
  • 25-Year Savings: $18,783
  • Payback Period: 9.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated March 14, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Taymouth

Find out how much it might cost to install solar panels in Taymouth.

The average cost of a solar system in Taymouth is 2.81 per watt. The average Taymouth homeowner needs a 6.2-kilowatt system, which would cost about $12,195 with the federal tax credit, or $17,439 before the 30% tax credit is applied.

How much you pay can be above or below the average in Taymouth depending on several factors, such as the brand of solar panels you choose and the solar installer you hire. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $19,000 in savings on energy bills over 20 years.

To get a free estimate from a highly rated solar installation company in Taymouth, you can click the button below.

Solar savings over time in Taymouth

Year Return on Investment
1 years $-10,956
3 years $-8,478
5 years $-6,000
7 years $-3,521
9 years $-1,043
11 years $1,435
13 years $3,913
15 years $6,392
17 years $8,870
19 years $11,348
21 years $13,826
23 years $16,305
25 years $18,783

Top Solar Installers in Taymouth

Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what type of solar equipment you need.

If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Solar Veteran

Michigan Solar Solutions

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • Outstanding customer service
  • Representatives are experts on local policies
  • Educational, no-pressure sales approach
  • Limited warranty coverage
  • No leases or PPAs
  • Limited brands of solar equipment available

See all of the solar companies in Taymouth

Factors that Affect Solar Panel Costs in Taymouth

There are several factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,810 per kilowatt in Taymouth. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Taymouth, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Taymouth, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

The solar company you hire to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Taymouth, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.92 $12,274 $17,709 10.2 years
8 kW $2.87 $16,051 $23,927 10.0 years
10 kW $2.81 $19,670 $30,303 9.8 years
12 kW $2.75 $23,132 $36,835 9.6 years
14 kW $2.70 $26,436 $43,525 9.4 years
16 kW $2.64 $29,584 $50,372 9.2 years
18 kW $2.59 $32,574 $57,377 9.1 years
20 kW $2.53 $35,406 $64,539 8.9 years

How to Save on Solar Panels

The solar installer you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:

  • Solar Panel Brands: The kind of solar panel you want to install plays a role in which company you should opt for, since different companies offer different panels.
  • Warranty: If you're worried about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
  • Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Solar Veteran

Michigan Solar Solutions

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • Outstanding customer service
  • Representatives are experts on local policies
  • Educational, no-pressure sales approach
  • Limited warranty coverage
  • No leases or PPAs
  • Limited brands of solar equipment available

EcoWatch's Taymouth, MI Solar Cost FAQs

What is the average cost of installing solar panels in Taymouth?

This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Taymouth?

A solar panel system isn't free in Taymouth, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Can you sell solar power back to the grid in Taymouth?

Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How long do solar panels last in Taymouth?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.

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.

Follow us