Solar Panel Cost Guide in Allegan, MI (2024 Update)
- Allegan Solar Installation Cost: $16,895
- 25-Year Savings: $22,811
- Payback Period: 12.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Allegan
Find out how much it might cost to install solar panels in Allegan.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Allegan, the average cost of a solar system is 4 per watt.To account for the typical energy needs of the average home in Allegan, most homeowners require a 5.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,895, or $24,160 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Allegan can save around $22,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar installer in Allegan for a personalized quote.
Solar savings over time in Allegan
Year | Return on Investment |
---|---|
1 years | $-15,641 |
3 years | $-13,133 |
5 years | $-10,626 |
7 years | $-8,119 |
9 years | $-5,611 |
11 years | $-3,104 |
13 years | $-596 |
15 years | $1,911 |
17 years | $4,418 |
19 years | $6,926 |
21 years | $9,433 |
23 years | $11,940 |
25 years | $14,448 |
Top Solar Installers in Allegan
Many homeowners choose to use a solar installer since figuring out how to install solar panels by yourself can be challenging. Another great thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
There are several licensed solar professionals that can take care of your solar installation project. 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 Allegan
Factors that Affect Solar Panel Costs in Allegan
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Allegan: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Allegan, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Allegan offer solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the amount of 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 more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Allegan, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $17,092 | 12.7 years |
8 kW | $4.14 | $23,191 | $23,244 | 12.5 years |
10 kW | $4.06 | $28,420 | $29,623 | 12.2 years |
12 kW | $3.98 | $33,422 | $36,230 | 12.0 years |
14 kW | $3.90 | $38,196 | $43,064 | 11.8 years |
16 kW | $3.82 | $42,744 | $50,125 | 11.5 years |
18 kW | $3.74 | $47,064 | $57,414 | 11.3 years |
20 kW | $3.65 | $51,156 | $64,930 | 11.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
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 Allegan, MI Solar Cost FAQs
How much does it cost to install solar panels in Allegan?
This is a tough question to answer precisely, because the cost depends on many 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 opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Allegan?
Solar panels aren’t free in Allegan, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Allegan is currently $238,354, which means you can expect a value of about $9,773 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Allegan is a fruitful investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 typically produce about 250 to 400 watt-hours per hour, the average house 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.