Solar Panel Cost Guide in Wolverine Lake, MI (2023 Update)

  • Wolverine Lake Solar Installation Cost: $12,151
  • 25-Year Savings: $12,969
  • Payback Period: 12.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 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 Wolverine Lake

We break down average solar pricing in Wolverine Lake.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Wolverine Lake, the typical cost of a solar system is 2.81 per watt. Because a 6.2-kW system is needed to cover the energy costs of a typical home in Wolverine Lake, the average price of going solar will be about $12,156 after claiming the federal solar tax credit of 30%.

How much you pay can be higher or lower than the average in Wolverine Lake based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Wolverine Lake find installing solar panels has a decent ROI.

You can click the button below to get connected with a vetted solar company in Wolverine Lake that can help you get a more accurate cost estimate for your home.

Solar savings over time in Wolverine Lake

Year Return on Investment
1 years $-12,067
3 years $-11,899
5 years $-11,732
7 years $-11,565
9 years $-11,397
11 years $-11,230
13 years $-11,062
15 years $-10,895
17 years $-10,727
19 years $-10,560
21 years $-10,392
23 years $-10,225
25 years $-10,057

Top Solar Installers in Wolverine Lake

Installing solar panels by yourself can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your home.

If you're searching for a solar company in Wolverine Lake, we've organized a list of our top suggestions here:

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 Wolverine Lake

Factors that Affect Solar Panel Costs in Wolverine Lake

The cost of installing a solar system in Wolverine Lake can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,810. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Wolverine Lake, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, 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

Most solar companies in Wolverine Lake provide solar loans, which reduce your upfront costs of installing solar. Although solar loans make adopting solar energy more accessible for Wolverine Lake homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Wolverine Lake, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.

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 $12,125 12.6 years
8 kW $2.87 $16,051 $16,481 12.3 years
10 kW $2.81 $19,670 $20,995 12.1 years
12 kW $2.75 $23,132 $25,666 11.9 years
14 kW $2.70 $26,436 $30,494 11.6 years
16 kW $2.64 $29,584 $35,480 11.4 years
18 kW $2.59 $32,574 $40,623 11.1 years
20 kW $2.53 $35,406 $45,924 10.9 years

How to Save on Solar Panels

Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Warranty: If you're worried about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.

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 Wolverine Lake, MI Solar Cost FAQs

What is the average cost of installing solar panels in Wolverine Lake?

The average cost of solar panels in Wolverine Lake is about $14,050 for a 5-kW system and $28,100 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Wolverine Lake?

A solar panel system isn't free in Wolverine Lake, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Can solar panels eliminate my power bills?

Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $813.30 per year.

How long do solar panels last in Wolverine Lake?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.

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