Solar Panel Cost Guide in Worth, MI (2023 Update)
- Worth Solar Installation Cost: $11,445
- 25-Year Savings: $14,824
- Payback Period: 10.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Worth
Find out how much it might cost to go solar in Worth.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Worth, the typical cost of solar panels is 2.81 per watt. The average solar panel system size in Worth is around 5.8 kilowatts, meaning a cost of about $11,448 for a solar installation, or $16,371 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more. But, once you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on energy bills.
To get 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 | $-11,357 |
| 3 years | $-11,182 |
| 5 years | $-11,007 |
| 7 years | $-10,832 |
| 9 years | $-10,657 |
| 11 years | $-10,482 |
| 13 years | $-10,306 |
| 15 years | $-10,131 |
| 17 years | $-9,956 |
| 19 years | $-9,781 |
| 21 years | $-9,606 |
| 23 years | $-9,431 |
| 25 years | $-9,256 |
Top Solar Installers in Worth
When going solar, many homeowners choose to go with a solar company since installing a solar system yourself can be a time-consuming project. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our suggestions for providers in Worth:
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
Although the average cost of a solar system in Worth is $11,448, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar panel system in Worth, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,810 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Worth average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make going solar more accessible for Worth homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Worth, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $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
Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
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?
The average cost of solar panels in Worth 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Worth?
You can't get solar panels for free in Worth. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Worth, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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.