Solar Panel Cost Guide in Taymouth, MI (2023 Update)
- Taymouth Solar Installation Cost: $12,193
- 25-Year Savings: $18,785
- Payback Period: 9.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Taymouth
Let's have a look at the average cost of solar panels in Taymouth.
The national average cost of solar panels is $2.66 per watt, but in Taymouth it's 2.81 per watt. Using this figure, a typical 6.2-kW system would cost about $12,195 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in Taymouth depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Taymouth can save about $19,000 on their power bills over 20 years.
To get a free estimate from a top solar company in Taymouth, you can click the button below.
Solar savings over time in Taymouth
| Year | Return on Investment |
|---|---|
| 1 years | $-12,090 |
| 3 years | $-11,884 |
| 5 years | $-11,677 |
| 7 years | $-11,471 |
| 9 years | $-11,264 |
| 11 years | $-11,058 |
| 13 years | $-10,851 |
| 15 years | $-10,645 |
| 17 years | $-10,438 |
| 19 years | $-10,231 |
| 21 years | $-10,025 |
| 23 years | $-9,818 |
| 25 years | $-9,612 |
Top Solar Installers in Taymouth
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make switching to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
If you'd like to switch to solar energy but still aren't certain which solar installer 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
The cost of installing a solar system in Taymouth can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,810 per kilowatt in Taymouth. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to get 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
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Taymouth is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. 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 with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also is within 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
There are a large number of companies to choose from in Taymouth, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like 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
How much does it cost to install solar panels in Taymouth?
The average cost of solar panels in Taymouth is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Taymouth?
Solar panels aren't free in Taymouth, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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.
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.