Solar Panel Cost Guide in Tyrone, MI (2023 Update)
- Tyrone Solar Installation Cost: $12,176
- 25-Year Savings: $16,339
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tyrone
Find out how much it might cost to make the switch to solar in Tyrone.
While the national average of solar panels is $2.66 per watt, solar panels in Tyrone generally cost around 2.81. To account for the typical energy usage of the average home in Tyrone, most homeowners require a 6.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,176, or $17,412 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of equipment you want, your solar contractor and more. With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Tyrone find installing solar panels can pay off big.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Tyrone
| Year | Return on Investment |
|---|---|
| 1 years | $-11,035 |
| 3 years | $-8,754 |
| 5 years | $-6,473 |
| 7 years | $-4,192 |
| 9 years | $-1,910 |
| 11 years | $371 |
| 13 years | $2,652 |
| 15 years | $4,933 |
| 17 years | $7,214 |
| 19 years | $9,495 |
| 21 years | $11,777 |
| 23 years | $14,058 |
| 25 years | $16,339 |
Top Solar Installers in Tyrone
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make converting to solar power much easier. The expertise that solar installers offer can be valuable as well, particularly if you don't quite know what kind of solar equipment you need.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Tyrone:
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 Tyrone
Factors that Affect Solar Panel Costs in Tyrone
The cost of installing a solar system in Tyrone can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,810. The type of solar equipment you choose can bring your price up or down 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. However, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Tyrone average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Tyrone, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk 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 down 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 | $2.92 | $12,274 | $15,381 | 11.1 years |
| 8 kW | $2.87 | $16,051 | $20,823 | 10.9 years |
| 10 kW | $2.81 | $19,670 | $26,422 | 10.7 years |
| 12 kW | $2.75 | $23,132 | $32,179 | 10.5 years |
| 14 kW | $2.70 | $26,436 | $38,092 | 10.2 years |
| 16 kW | $2.64 | $29,584 | $44,164 | 10.0 years |
| 18 kW | $2.59 | $32,574 | $50,392 | 9.8 years |
| 20 kW | $2.53 | $35,406 | $56,778 | 9.6 years |
How to Save on Solar Panels
There are a lot of companies available in Tyrone, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel installer. Make sure 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 Tyrone, MI Solar Cost FAQs
What is the average cost of installing solar panels in Tyrone?
This is a tough question to answer exactly, because the cost depends on many 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. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Tyrone?
You can't get solar panels for free in Tyrone. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $921.84 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.