Solar Panel Cost Guide in DeWitt, MI (2024 Update)
- DeWitt Solar Installation Cost: $17,559
- 25-Year Savings: $21,643
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in DeWitt
Let’s take a look at the average cost of solar in DeWitt.
The national average cost of solar panels is $2.66 per watt, but in DeWitt it’s 4 per watt.The average DeWitt homeowner needs a 6.2-kilowatt system, which would cost about $17,559 with the federal tax credit, or $25,109 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy usage and what installation company you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $21,000 over 20 years on power bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in DeWitt
| Year | Return on Investment |
|---|---|
| 1 years | $-16,305 |
| 3 years | $-13,798 |
| 5 years | $-11,290 |
| 7 years | $-8,783 |
| 9 years | $-6,276 |
| 11 years | $-3,768 |
| 13 years | $-1,261 |
| 15 years | $1,247 |
| 17 years | $3,754 |
| 19 years | $6,261 |
| 21 years | $8,769 |
| 23 years | $11,276 |
| 25 years | $13,783 |
Top Solar Installers in DeWitt
When switching to solar energy, many homeowners prefer to use a solar installation company since DIY solar panel installation can be a challenging project. Solar warranties and repairs are usually included in the cost of installation when you hire a solar company as well, which can save you more money over time.
There are various licensed solar professionals that can help you install your solar system. 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 DeWitt
Factors that Affect Solar Panel Costs in DeWitt
There are many factors 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 system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in DeWitt, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in DeWitt, and each can charge varying amounts for labor and equipment.Additionally, some companies in DeWitt know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $4.22 | $17,734 | $15,086 | 13.5 years |
| 8 kW | $4.14 | $23,191 | $20,569 | 13.2 years |
| 10 kW | $4.06 | $28,420 | $26,280 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $32,218 | 12.7 years |
| 14 kW | $3.90 | $38,196 | $38,383 | 12.5 years |
| 16 kW | $3.82 | $42,744 | $44,776 | 12.2 years |
| 18 kW | $3.74 | $47,064 | $51,396 | 11.9 years |
| 20 kW | $3.65 | $51,156 | $58,244 | 11.7 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
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 DeWitt, MI Solar Cost FAQs
How much does it cost to install solar panels in DeWitt?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in DeWitt?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,094.00 per year.
How long do solar panels last in DeWitt?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.