Solar Panel Cost Guide in Woodstock, MI (2025 Update)
- Woodstock Solar Installation Cost: $17,337
- 25-Year Savings: $23,023
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Woodstock
Let’s have a look at the average cost of solar in Woodstock.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Woodstock, the typical cost of solar panels is 4 per watt.The average solar panel system size in Woodstock is around 6.1 kilowatts, meaning a cost of about $17,337 for a solar installation, or $24,792 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary depending on several factors, such as how many panels you need, your energy consumption and what company you go with.For many homeowners, the upfront investment in solar is worth paying. On average Woodstock homeowners see about $22,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Woodstock
Year | Return on Investment |
---|---|
1 years | $-16,083 |
3 years | $-13,576 |
5 years | $-11,068 |
7 years | $-8,561 |
9 years | $-6,053 |
11 years | $-3,546 |
13 years | $-1,039 |
15 years | $1,469 |
17 years | $3,976 |
19 years | $6,484 |
21 years | $8,991 |
23 years | $11,498 |
25 years | $14,006 |
Top Solar Installers in Woodstock
Trying to install solar panels by yourself can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be invaluable as well, especially if you don’t quite know what type of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Woodstock
Factors that Affect Solar Panel Costs in Woodstock
The cost of installing a solar system in Woodstock can vary by more than $10,000 from home to home. Your actual cost depends 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 company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $4,060 per kilowatt in Woodstock.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Woodstock 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 opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Woodstock is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also is within your budget.
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 | $16,713 | 12.9 years |
8 kW | $4.14 | $23,191 | $22,739 | 12.6 years |
10 kW | $4.06 | $28,420 | $28,992 | 12.4 years |
12 kW | $3.98 | $33,422 | $35,472 | 12.1 years |
14 kW | $3.90 | $38,196 | $42,180 | 11.9 years |
16 kW | $3.82 | $42,744 | $49,115 | 11.6 years |
18 kW | $3.74 | $47,064 | $56,277 | 11.4 years |
20 kW | $3.65 | $51,156 | $63,667 | 11.1 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated 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 satisfied reviews from past customers.
- Contract: Look through the contract terms carefully to make sure you understand the total cost, completion timeline incentives and warranties.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Woodstock, MI Solar Cost FAQs
How much does it cost to install solar panels in Woodstock?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Woodstock?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your property value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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.