Solar Panel Cost Guide in Walker, MI (2023 Update)

  • Walker Solar Installation Cost: $12,156
  • 25-Year Savings: $22,748
  • Payback Period: 8.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Walker

Find out how much it might cost to switch to solar power in Walker.

The average cost of a solar system in Walker is 2.81 per watt. To cover the typical energy usage of the average home in Walker, most homeowners require a 6.2-kilowatt system. Using the figure above, a solar installation costs about $12,156, or $17,383 before the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what company you go with. But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $21,000 over 20 years on power bills.

For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Walker

Year Return on Investment
1 years $-10,760
3 years $-7,968
5 years $-5,175
7 years $-2,383
9 years $409
11 years $3,202
13 years $5,994
15 years $8,786
17 years $11,579
19 years $14,371
21 years $17,164
23 years $19,956
25 years $22,748

Top Solar Installers in Walker

Although you can install solar panels yourself, it requires extra labor and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what type of solar equipment you need.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Walker

Factors that Affect Solar Panel Costs in Walker

For many Walker homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Walker, 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

Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Walker homeowners decide to finance their solar panel systems to offset upfront costs. 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 on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Walker is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 $21,638 9.0 years
8 kW $2.87 $16,051 $29,165 8.9 years
10 kW $2.81 $19,670 $36,850 8.7 years
12 kW $2.75 $23,132 $44,692 8.5 years
14 kW $2.70 $26,436 $52,692 8.4 years
16 kW $2.64 $29,584 $60,848 8.2 years
18 kW $2.59 $32,574 $69,163 8.0 years
20 kW $2.53 $35,406 $77,634 7.8 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. Since choosing a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should choose, since different companies offer different panels.
  • Warranty: If you're concerned about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
  • Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Outstanding customer service
  • Offers products from leading manufacturers
  • Slightly limited service offerings
  • No leases or PPAs

Outstanding Local Installer

Strawberry Solar

★★★★★
4.5

  • 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 Walker, MI Solar Cost FAQs

What is the average cost of installing solar panels in Walker?

The average cost of solar panels in Walker 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 like the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Walker?

You can't get solar panels for free in Walker. However, you may still be able to afford 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.

Can solar panels completely eradicate my electricity bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Walker, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Walker?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.

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.

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