Solar Panel Cost Guide in Woodhull, MI (2023 Update)
- Woodhull Solar Installation Cost: $12,210
- 25-Year Savings: $17,275
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Woodhull
We break down average solar pricing in Woodhull.
The national average cost of solar panels is $2.66 per watt, but in Woodhull it's 2.81 per watt. The average Woodhull homeowner needs a 6.2-kilowatt system, which would cost about $12,215 with the federal tax credit, or $17,467 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Woodhull homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $18,000 in savings on energy bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Woodhull, you can click the button below.
Solar savings over time in Woodhull
| Year | Return on Investment |
|---|---|
| 1 years | $-12,112 |
| 3 years | $-11,915 |
| 5 years | $-11,719 |
| 7 years | $-11,522 |
| 9 years | $-11,325 |
| 11 years | $-11,129 |
| 13 years | $-10,932 |
| 15 years | $-10,736 |
| 17 years | $-10,539 |
| 19 years | $-10,343 |
| 21 years | $-10,146 |
| 23 years | $-9,950 |
| 25 years | $-9,753 |
Top Solar Installers in Woodhull
Installing solar panels yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. Local solar installers can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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 Woodhull
Factors that Affect Solar Panel Costs in Woodhull
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Woodhull: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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 brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Woodhull, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your overall costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Woodhull, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $16,225 | 10.8 years |
| 8 kW | $2.87 | $16,051 | $21,948 | 10.6 years |
| 10 kW | $2.81 | $19,670 | $27,829 | 10.4 years |
| 12 kW | $2.75 | $23,132 | $33,866 | 10.1 years |
| 14 kW | $2.70 | $26,436 | $40,062 | 9.9 years |
| 16 kW | $2.64 | $29,584 | $46,414 | 9.7 years |
| 18 kW | $2.59 | $32,574 | $52,924 | 9.5 years |
| 20 kW | $2.53 | $35,406 | $59,591 | 9.3 years |
How to Save on Solar Panels
The solar company you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Woodhull, MI Solar Cost FAQs
What is the average cost of installing solar panels in Woodhull?
The average cost of solar panels in Woodhull 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.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $949.97 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.