Solar Panel Cost Guide in Worth, MI (2024 Update)
- Worth Solar Installation Cost: $16,536
- 25-Year Savings: $14,824
- Payback Period: 15.7 Years
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Updated February 03, 2024
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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 system in Worth is 4 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 $16,536, or $23,646 before the federal solar tax credit of 0 is applied.
How much you pay can go above or below the average in Worth depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Worth
Year | Return on Investment |
---|---|
1 years | $-15,143 |
3 years | $-12,359 |
5 years | $-9,574 |
7 years | $-6,789 |
9 years | $-4,005 |
11 years | $-1,220 |
13 years | $1,565 |
15 years | $4,349 |
17 years | $7,134 |
19 years | $9,919 |
21 years | $12,703 |
23 years | $15,488 |
25 years | $18,273 |
Top Solar Installers in Worth
When making the switch to solar, many homeowners prefer to use a solar installation company since installing a solar system yourself can be a time-consuming project. Plus, if you’re not certain what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Worth: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant 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 energy your household uses, the larger your system will likely need to be. You can expect to spend about $4,060 per kilowatt in Worth.The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Worth, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Worth, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $4.22 | $17,734 | $9,355 | 16.4 years |
8 kW | $4.14 | $23,191 | $12,928 | 16.1 years |
10 kW | $4.06 | $28,420 | $16,728 | 15.7 years |
12 kW | $3.98 | $33,422 | $20,756 | 15.4 years |
14 kW | $3.90 | $38,196 | $25,011 | 15.1 years |
16 kW | $3.82 | $42,744 | $29,493 | 14.8 years |
18 kW | $3.74 | $47,064 | $34,203 | 14.5 years |
20 kW | $3.65 | $51,156 | $39,140 | 14.2 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total 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 keep in mind, including:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
Best National Provider
SunPower
- 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
- 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 a few different 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Worth?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Worth?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 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 install between 20 and 35 panels to account for 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.