Solar Panel Cost Guide in Temperance, MI (2024 Update)
- Temperance Solar Installation Cost: $17,071
- 25-Year Savings: $18,256
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Temperance
See how much it might cost to make the switch to solar in Temperance.
In Temperance, solar panels cost about 4 per watt on average.The average Temperance homeowner needs a 6.0-kilowatt system, which would cost about $17,071 with the federal tax credit, or $24,412 before the 0 tax credit is applied.
The true price you pay can be above or below the average in Temperance based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.With average savings of about $19,000 on energy bills over 20 years, many homeowners in Temperance find going solar has a decent ROI.
Click the button below to get connected to a highly rated solar installer in your area for a custom estimate.
Solar savings over time in Temperance
| Year | Return on Investment |
|---|---|
| 1 years | $-15,817 |
| 3 years | $-13,310 |
| 5 years | $-10,802 |
| 7 years | $-8,295 |
| 9 years | $-5,788 |
| 11 years | $-3,280 |
| 13 years | $-773 |
| 15 years | $1,735 |
| 17 years | $4,242 |
| 19 years | $6,749 |
| 21 years | $9,257 |
| 23 years | $11,764 |
| 25 years | $14,272 |
Top Solar Installers in Temperance
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be a lot of work. Plus, if you’re unsure what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
Best National Provider
SunPower
- 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
- 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
For many Temperance homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Temperance, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,060.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Temperance average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they decrease your upfront costs and allow you to 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 securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $12,304 | 14.8 years |
| 8 kW | $4.14 | $23,191 | $16,860 | 14.5 years |
| 10 kW | $4.06 | $28,420 | $21,643 | 14.2 years |
| 12 kW | $3.98 | $33,422 | $26,653 | 13.9 years |
| 14 kW | $3.90 | $38,196 | $31,891 | 13.6 years |
| 16 kW | $3.82 | $42,744 | $37,357 | 13.3 years |
| 18 kW | $3.74 | $47,064 | $43,050 | 13.1 years |
| 20 kW | $3.65 | $51,156 | $48,970 | 12.8 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Temperance, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
Best National Provider
SunPower
- 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
- 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
What is the average cost of installing solar panels in Temperance?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Temperance?
A solar panel system isn’t free in Temperance, 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 help lower the cost.
How will solar panels impact my property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 buy 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.