Solar Panel Cost Guide in Taymouth, MI (Mar 2023)
- Taymouth Solar Installation Cost: $12,195
- 25-Year Savings: $18,783
- Payback Period: 9.8 Years
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Updated March 14, 2023
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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:
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- 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.
Solar Veteran
Michigan Solar Solutions
- Great warranty coverage
- Outstanding customer service
- Offers products from leading manufacturers
- Slightly limited service offerings
- No leases or PPAs
Outstanding Local Installer
Strawberry Solar
- 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.