Solar Panel Cost Guide in Temperance, MI (2023 Update)
- Temperance Solar Installation Cost: $11,822
- 25-Year Savings: $18,249
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Temperance
Let's take a look at the average cost of solar panels in Temperance.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Temperance, the average cost of solar panels is 2.81 per watt. Using this figure, a typical 6.0-kW system would cost about $11,822 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what installation company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $19,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Temperance
| Year | Return on Investment |
|---|---|
| 1 years | $-10,619 |
| 3 years | $-8,213 |
| 5 years | $-5,807 |
| 7 years | $-3,402 |
| 9 years | $-996 |
| 11 years | $1,410 |
| 13 years | $3,815 |
| 15 years | $6,221 |
| 17 years | $8,627 |
| 19 years | $11,032 |
| 21 years | $13,438 |
| 23 years | $15,844 |
| 25 years | $18,249 |
Top Solar Installers in Temperance
DIY 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 your switch to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you pick which one will be right for your family.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Temperance
Factors that Affect Solar Panel Costs in Temperance
The cost of installing a solar system in Temperance can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production 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 $2,810. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Temperance average.
Solar Financing Terms
Many homeowners find the average cost of solar in Temperance to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating in Temperance, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $17,764 | 10.2 years |
| 8 kW | $2.87 | $16,051 | $24,000 | 10.0 years |
| 10 kW | $2.81 | $19,670 | $30,393 | 9.8 years |
| 12 kW | $2.75 | $23,132 | $36,943 | 9.6 years |
| 14 kW | $2.70 | $26,436 | $43,651 | 9.4 years |
| 16 kW | $2.64 | $29,584 | $50,517 | 9.2 years |
| 18 kW | $2.59 | $32,574 | $57,540 | 9.0 years |
| 20 kW | $2.53 | $35,406 | $64,720 | 8.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you want to install plays a role in which installer you should choose, since different companies provide different panels.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of 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 satisfied reviews from previous customers.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
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 Temperance, MI Solar Cost FAQs
How much does it cost to install solar panels in Temperance?
The average cost of solar panels in Temperance 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Temperance?
A solar panel system isn't free in Temperance, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Temperance is currently $171,300, which means you can look forward to a value of about $7,023 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Temperance is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can 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 install 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.