Solar Panel Cost Guide in Williams, MI (2025 Update)
- Williams Solar Installation Cost: $17,495
- 25-Year Savings: $23,196
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Williams
Let’s take a look at the average cost of solar in Williams.
The national average cost of solar panels is $2.66 per watt, but in Williams it’s 4 per watt.Using this figure, a typical 6.2-kW system would cost about $17,495 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Williams homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar power is worth paying. On average Williams homeowners see about $22,000 in savings on electricity bills over 20 years.
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Solar savings over time in Williams
| Year | Return on Investment |
|---|---|
| 1 years | $-16,241 |
| 3 years | $-13,734 |
| 5 years | $-11,226 |
| 7 years | $-8,719 |
| 9 years | $-6,212 |
| 11 years | $-3,704 |
| 13 years | $-1,197 |
| 15 years | $1,311 |
| 17 years | $3,818 |
| 19 years | $6,325 |
| 21 years | $8,833 |
| 23 years | $11,340 |
| 25 years | $13,848 |
Top Solar Installers in Williams
Putting up solar panels on your own can be a dangerous project, which is why hiring a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for you.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Williams:
See all of the solar companies in Williams
Factors that Affect Solar Panel Costs in Williams
Even though the average cost of a solar system in Williams is $17,495, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.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 get 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 energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Williams average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they lower your upfront costs and let you 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 choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Williams, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $4.22 | $17,734 | $16,676 | 12.9 years |
| 8 kW | $4.14 | $23,191 | $22,690 | 12.6 years |
| 10 kW | $4.06 | $28,420 | $28,931 | 12.4 years |
| 12 kW | $3.98 | $33,422 | $35,399 | 12.1 years |
| 14 kW | $3.90 | $38,196 | $42,095 | 11.9 years |
| 16 kW | $3.82 | $42,744 | $49,018 | 11.6 years |
| 18 kW | $3.74 | $47,064 | $56,168 | 11.4 years |
| 20 kW | $3.65 | $51,156 | $63,546 | 11.1 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Williams, MI Solar Cost FAQs
How much does it cost to install solar panels in Williams?
The average cost of solar panels in Williams is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Williams?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Williams?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 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.