Solar Panel Cost Guide in Wales, MI (Mar 2023)
- Wales Solar Installation Cost: $11,704
- 25-Year Savings: $13,416
- Payback Period: 11.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wales
Let's take a look at the average cost of solar panels in Wales.
While the national average of solar panels is $2.66 per watt, solar panels in Wales typically cost about 2.81. Because a 6.0-kW system is needed to cover the energy usage of a typical home in Wales, the average price of going solar will be about $11,704 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you may look different based on your energy needs and what company you go with. With average savings of about $16,000 on power bills over 20 years, many homeowners in Wales find investing in solar can be quite rewarding.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wales
| Year | Return on Investment |
|---|---|
| 1 years | $-10,699 |
| 3 years | $-8,689 |
| 5 years | $-6,680 |
| 7 years | $-4,670 |
| 9 years | $-2,661 |
| 11 years | $-651 |
| 13 years | $1,359 |
| 15 years | $3,368 |
| 17 years | $5,378 |
| 19 years | $7,387 |
| 21 years | $9,397 |
| 23 years | $11,407 |
| 25 years | $13,416 |
Top Solar Installers in Wales
Although you can install solar panels by yourself, it involves extra effort and expertise. For that reason, most homeowners choose a solar panel installer. The expertise that solar installers provide can be useful as well, especially if you aren't sure what type of solar equipment would be right for your home.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Wales
Factors that Affect Solar Panel Costs in Wales
The cost of installing a solar system in Wales 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 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 Wales. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Wales, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Wales, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Wales, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $13,040 | 12.1 years |
| 8 kW | $2.87 | $16,051 | $17,702 | 11.9 years |
| 10 kW | $2.81 | $19,670 | $22,520 | 11.7 years |
| 12 kW | $2.75 | $23,132 | $27,496 | 11.4 years |
| 14 kW | $2.70 | $26,436 | $32,630 | 11.2 years |
| 16 kW | $2.64 | $29,584 | $37,921 | 11.0 years |
| 18 kW | $2.59 | $32,574 | $43,369 | 10.7 years |
| 20 kW | $2.53 | $35,406 | $48,975 | 10.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Wales, MI Solar Cost FAQs
What is the average cost of installing solar panels in Wales?
The average cost of solar panels in Wales 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 type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wales?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Wales?
Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.