Solar Panel Cost Guide in Taymouth, MI (2025 Update)
- Taymouth Solar Installation Cost: $17,618
- 25-Year Savings: $18,785
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Taymouth
Find out what the average cost of installing solar panels is in Taymouth.
The average cost of solar panels in Taymouth is 4 per watt.Using this figure, a typical 6.2-kW system would cost about $17,618 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Taymouth homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $19,000 over 20 years on electricity bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Taymouth
| Year | Return on Investment |
|---|---|
| 1 years | $-16,364 |
| 3 years | $-13,856 |
| 5 years | $-11,349 |
| 7 years | $-8,842 |
| 9 years | $-6,334 |
| 11 years | $-3,827 |
| 13 years | $-1,319 |
| 15 years | $1,188 |
| 17 years | $3,695 |
| 19 years | $6,203 |
| 21 years | $8,710 |
| 23 years | $11,217 |
| 25 years | $13,725 |
Top Solar Installers in Taymouth
Installing solar panels on your own can be a dangerous project, which is why using a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you better understand incentives in Taymouth, thereby optimizing your ROI.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Taymouth
Factors that Affect Solar Panel Costs in Taymouth
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Taymouth, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Taymouth homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your all-in costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a role in determining how much you pay. Taymouth’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 | $12,249 | 14.8 years |
| 8 kW | $4.14 | $23,191 | $16,787 | 14.5 years |
| 10 kW | $4.06 | $28,420 | $21,553 | 14.2 years |
| 12 kW | $3.98 | $33,422 | $26,545 | 13.9 years |
| 14 kW | $3.90 | $38,196 | $31,765 | 13.6 years |
| 16 kW | $3.82 | $42,744 | $37,212 | 13.4 years |
| 18 kW | $3.74 | $47,064 | $42,887 | 13.1 years |
| 20 kW | $3.65 | $51,156 | $48,789 | 12.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two 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 positive reviews from past customers.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
EcoWatch's Taymouth, MI Solar Cost FAQs
How much does it cost to install solar panels in Taymouth?
This is a tough question to answer exactly, because the cost depends on a variety of 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Taymouth?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does Taymouth have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 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.