Solar Panel Cost Guide in Livonia, MN (Feb 2023)
- Livonia Solar Installation Cost: $14,234
- 25-Year Savings: $20,719
- Payback Period: 10.2 Years
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Top Solar Installers in Livonia
When going solar, many homeowners opt to use a solar installation company since putting up solar panels yourself can be a difficult project. Plus, if you're unsure 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 help you install your solar system. Here are our suggestions:
See all of the solar companies in Livonia
Factors that Affect Solar Panel Costs in Livonia
Though the average cost of a solar system in Livonia is $14,234, your final cost may be higher or lower than that. 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.
When it comes to estimating the price of a solar panel system in Livonia, 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 usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $2,840 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Livonia average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Livonia is the company you hire to install your PV system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Livonia know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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||$2.95||$12,405||$16,886||10.6 years|
|8 kW||$2.90||$16,222||$22,832||10.4 years|
|10 kW||$2.84||$19,880||$28,938||10.2 years|
|12 kW||$2.78||$23,379||$35,203||10.0 years|
|14 kW||$2.73||$26,719||$41,626||9.8 years|
|16 kW||$2.67||$29,900||$48,209||9.6 years|
|18 kW||$2.61||$32,921||$54,951||9.4 years|
|20 kW||$2.56||$35,784||$61,852||9.2 years|
How to Save on Solar Panels
There are many companies to choose from in Livonia, 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:
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Companies typically offer different types 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 based 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 access to the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
EcoWatch's Livonia, MN Solar Cost FAQs
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.