Solar Panel Cost Guide in Blendon, MI (2024 Update)
- Blendon Solar Installation Cost: $16,853
- 25-Year Savings: $20,654
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Blendon
Let’s take a look at the average cost of solar panels in Blendon.
In Blendon, solar panels cost about 4 per watt on average.Using this figure, a typical 5.9-kW system would cost about $16,853 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Blendon based on a few factors, such as the model of solar panels you choose and the solar company you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Blendon can save around $21,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Blendon for a quote for your home.
Solar savings over time in Blendon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,600 |
| 3 years | $-13,092 |
| 5 years | $-10,585 |
| 7 years | $-8,078 |
| 9 years | $-5,570 |
| 11 years | $-3,063 |
| 13 years | $-555 |
| 15 years | $1,952 |
| 17 years | $4,459 |
| 19 years | $6,967 |
| 21 years | $9,474 |
| 23 years | $11,982 |
| 25 years | $14,489 |
Top Solar Installers in Blendon
When switching to solar energy, many homeowners decide to use a solar installer since overseeing your solar installation yourself can be a difficult project. Another advantage of utilizing a solar installer is that they can help you maximize your investment by cutting back on future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Blendon
Factors that Affect Solar Panel Costs in Blendon
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Blendon: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,060. The model of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Blendon to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.While solar loans make going solar more accessible for Blendon homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Blendon, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $14,965 | 13.6 years |
| 8 kW | $4.14 | $23,191 | $20,408 | 13.3 years |
| 10 kW | $4.06 | $28,420 | $26,079 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $31,977 | 12.8 years |
| 14 kW | $3.90 | $38,196 | $38,102 | 12.5 years |
| 16 kW | $3.82 | $42,744 | $44,455 | 12.3 years |
| 18 kW | $3.74 | $47,064 | $51,035 | 12.0 years |
| 20 kW | $3.65 | $51,156 | $57,842 | 11.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
- Reputation: Well-established companies likely have a high 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.
EcoWatch's Blendon, MI Solar Cost FAQs
How much does it cost to install solar panels in Blendon?
This is a hard question to answer exactly, 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 additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Blendon?
A solar panel system isn’t free in Blendon, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Blendon, 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 long do solar panels last in Blendon?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.