Solar Panel Cost Guide in Worth, MI (Mar 2023)
- Worth Solar Installation Cost: $11,448
- 25-Year Savings: $14,821
- Payback Period: 10.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Worth
Let's have a look at the average cost of solar in Worth.
The average cost of a solar panel system in Worth is 2.81 per watt. To cover the typical energy usage of the average home in Worth, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,448, or $16,371 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Worth find installing solar panels can be quite rewarding.
To receive a free estimate from a vetted solar installer in Worth, you can click the button below.
Solar savings over time in Worth
| Year | Return on Investment |
|---|---|
| 1 years | $-10,397 |
| 3 years | $-8,296 |
| 5 years | $-6,194 |
| 7 years | $-4,093 |
| 9 years | $-1,991 |
| 11 years | $110 |
| 13 years | $2,212 |
| 15 years | $4,313 |
| 17 years | $6,415 |
| 19 years | $8,516 |
| 21 years | $10,618 |
| 23 years | $12,720 |
| 25 years | $14,821 |
Top Solar Installers in Worth
Putting up solar panels by yourself can be a challenging task, which is why hiring a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you better understand incentives in Worth, optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Worth
Factors that Affect Solar Panel Costs in Worth
For many Worth homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Worth, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 $2,810 per kilowatt in Worth. There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Worth provide solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can play a role in determining how much it costs. Worth's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Worth know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $14,815 | 11.3 years |
| 8 kW | $2.87 | $16,051 | $20,068 | 11.1 years |
| 10 kW | $2.81 | $19,670 | $25,478 | 10.9 years |
| 12 kW | $2.75 | $23,132 | $31,046 | 10.7 years |
| 14 kW | $2.70 | $26,436 | $36,771 | 10.5 years |
| 16 kW | $2.64 | $29,584 | $42,653 | 10.2 years |
| 18 kW | $2.59 | $32,574 | $48,693 | 10.0 years |
| 20 kW | $2.53 | $35,406 | $54,890 | 9.8 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Worth, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going 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 Worth, MI Solar Cost FAQs
How much does it cost to install solar panels in Worth?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,050 for a 5-kW system and $28,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Worth?
Solar panels aren't free in Worth, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Worth have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.