Solar Panel Cost Guide in Vevay, MI (2024 Update)
- Vevay Solar Installation Cost: $17,543
- 25-Year Savings: $18,691
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Vevay
Find out how much it might cost to make the switch to solar in Vevay.
The average cost of a solar system in Vevay is 4 per watt.Using this figure, a typical 6.2-kW system would cost about $17,543 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what installation company you go with.With average savings of about $19,000 on energy bills over 20 years, many homeowners in Vevay find installing solar panels has a decent ROI.
Click the button below to get connected to a top solar panel company in your area for a custom estimate.
Solar savings over time in Vevay
| Year | Return on Investment |
|---|---|
| 1 years | $-16,289 |
| 3 years | $-13,782 |
| 5 years | $-11,274 |
| 7 years | $-8,767 |
| 9 years | $-6,259 |
| 11 years | $-3,752 |
| 13 years | $-1,245 |
| 15 years | $1,263 |
| 17 years | $3,770 |
| 19 years | $6,278 |
| 21 years | $8,785 |
| 23 years | $11,292 |
| 25 years | $13,800 |
Top Solar Installers in Vevay
Many homeowners choose to hire a solar installation company since installing solar panels yourself can be hard. Another advantage of using a solar installer is that they can help you optimize your ROI by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Vevay:
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 Vevay
Factors that Affect Solar Panel Costs in Vevay
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Vevay, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $4,060 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Vevay have solar loans, which reduce your upfront costs of installing a solar system.When estimating 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 last significant cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Vevay, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $12,236 | 14.8 years |
| 8 kW | $4.14 | $23,191 | $16,769 | 14.5 years |
| 10 kW | $4.06 | $28,420 | $21,529 | 14.2 years |
| 12 kW | $3.98 | $33,422 | $26,517 | 13.9 years |
| 14 kW | $3.90 | $38,196 | $31,733 | 13.7 years |
| 16 kW | $3.82 | $42,744 | $37,175 | 13.4 years |
| 18 kW | $3.74 | $47,064 | $42,845 | 13.1 years |
| 20 kW | $3.65 | $51,156 | $48,743 | 12.8 years |
How to Save on Solar Panels
There are many companies to choose from in Vevay, 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: Review the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which company you should go with, since different companies offer different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Vevay, MI Solar Cost FAQs
How much does it cost to install solar panels in Vevay?
The average cost of solar panels in Vevay is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing 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 Vevay is currently $237,209, so you can expect a value of about $9,726 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Vevay is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.