Solar Panel Cost Guide in Cannon, MI (2024 Update)
- Cannon Solar Installation Cost: $17,551
- 25-Year Savings: $22,757
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Cannon
We break down average solar pricing in Cannon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cannon, the average cost of solar panels is 4 per watt.Using this figure, a typical 6.2-kW system would cost about $17,551 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on utility bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Cannon
Year | Return on Investment |
---|---|
1 years | $-16,297 |
3 years | $-13,790 |
5 years | $-11,282 |
7 years | $-8,775 |
9 years | $-6,268 |
11 years | $-3,760 |
13 years | $-1,253 |
15 years | $1,255 |
17 years | $3,762 |
19 years | $6,269 |
21 years | $8,777 |
23 years | $11,284 |
25 years | $13,792 |
Top Solar Installers in Cannon
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar panel installer can make switching to solar power much easier. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Cannon
Factors that Affect Solar Panel Costs in Cannon
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 $4,060 per kilowatt in Cannon.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Cannon, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Cannon homeowners decide to finance their solar panel systems to make going solar more affordable.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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Cannon, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $16,178 | 13.1 years |
8 kW | $4.14 | $23,191 | $22,025 | 12.8 years |
10 kW | $4.06 | $28,420 | $28,100 | 12.6 years |
12 kW | $3.98 | $33,422 | $34,402 | 12.3 years |
14 kW | $3.90 | $38,196 | $40,932 | 12.1 years |
16 kW | $3.82 | $42,744 | $47,688 | 11.8 years |
18 kW | $3.74 | $47,064 | $54,673 | 11.6 years |
20 kW | $3.65 | $51,156 | $61,884 | 11.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Cannon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: The kind of solar panel you’d like plays a part in which company you should choose, since different companies have access to different panels.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
EcoWatch's Cannon, MI Solar Cost FAQs
What is the average cost of installing solar panels in Cannon?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Cannon?
You can’t get solar panels for free in Cannon. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Cannon have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 get between 20 and 35 panels to cover 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.