Solar Panel Cost Guide in Livonia, MN (2024 Update)
- Livonia Solar Installation Cost: $20,198
- 25-Year Savings: $20,719
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Livonia
We break down average solar pricing in Livonia.
The national average cost of solar panels is $2.66 per watt, but in Livonia it’s 4 per watt.Since a 7.2-kW system is needed to cover the energy usage of a typical home in Livonia, the average price of going solar will be about $20,198 after claiming the federal solar tax credit of 0.
How much you pay can go above or below the average in Livonia based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Despite the high upfront cost, the average Livonia homeowner can save about $19,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar company in Livonia for a custom quote.
Solar savings over time in Livonia
| Year | Return on Investment |
|---|---|
| 1 years | $-18,927 |
| 3 years | $-16,385 |
| 5 years | $-13,843 |
| 7 years | $-11,301 |
| 9 years | $-8,759 |
| 11 years | $-6,217 |
| 13 years | $-3,675 |
| 15 years | $-1,133 |
| 17 years | $1,409 |
| 19 years | $3,951 |
| 21 years | $6,493 |
| 23 years | $9,035 |
| 25 years | $11,577 |
Top Solar Installers in Livonia
When switching to solar energy, many homeowners decide to hire a solar installer since DIY solar panel installation can be a challenging project. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're on the hunt for a solar company in Livonia, the EcoWatch team has compiled a list of our top suggestions here:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Livonia
Factors that Affect Solar Panel Costs in Livonia
The cost of installing a solar system in Livonia can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, 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 going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $4,030 per kilowatt in Livonia.There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Livonia provide solar loans, which reduce your upfront costs of installing solar.It’s wise to factor 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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Livonia, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.19 | $17,603 | $11,688 | 15.0 years |
| 8 kW | $4.11 | $23,019 | $16,035 | 14.7 years |
| 10 kW | $4.03 | $28,210 | $20,608 | 14.4 years |
| 12 kW | $3.95 | $33,175 | $25,406 | 14.2 years |
| 14 kW | $3.87 | $37,914 | $30,431 | 13.9 years |
| 16 kW | $3.79 | $42,428 | $35,681 | 13.6 years |
| 18 kW | $3.71 | $46,716 | $41,156 | 13.3 years |
| 20 kW | $3.63 | $50,778 | $46,858 | 13.0 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should opt for, since different companies have access to different panels.
- Contract: Read the contract terms closely to make sure you understand the overall cost, project timeline rebates and warranties.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Livonia, MN Solar Cost FAQs
How much does it cost to install solar panels in Livonia?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $20,150 for a 5-kW system and $40,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Livonia, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power 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 generally 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.