Solar Panel Cost Guide in Dundee, MI (2024 Update)
- Dundee Solar Installation Cost: $17,071
- 25-Year Savings: $17,399
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Dundee
Find out how much it might cost to go solar in Dundee.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dundee, the average cost of solar panels is 4 per watt.Because a 6.0-kW system is needed to cover the energy consumption of a typical home in Dundee, the average price of going solar will be about $17,071 after claiming the federal solar tax credit of 0.
How much you pay can be above or below the average in Dundee depending on several factors, such as the kind of solar panels you choose and the solar installer you hire.With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Dundee find investing in solar has a decent ROI.
To get a free quote from a highly rated solar installation company in Dundee, you can click the button below.
Solar savings over time in Dundee
| Year | Return on Investment |
|---|---|
| 1 years | $-15,789 |
| 3 years | $-13,227 |
| 5 years | $-10,664 |
| 7 years | $-8,101 |
| 9 years | $-5,538 |
| 11 years | $-2,975 |
| 13 years | $-412 |
| 15 years | $2,151 |
| 17 years | $4,713 |
| 19 years | $7,276 |
| 21 years | $9,839 |
| 23 years | $12,402 |
| 25 years | $14,965 |
Top Solar Installers in Dundee
When going solar, many homeowners opt to go with a solar installation company since handling can be a time-consuming project. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Dundee
Factors that Affect Solar Panel Costs in Dundee
For many Dundee homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Dundee, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 nearly $4,060. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many Dundee homeowners choose to finance their solar panel systems to offset upfront costs.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 back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect the cost. Dundee’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Dundee are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $11,447 | 15.2 years |
| 8 kW | $4.14 | $23,191 | $15,718 | 14.9 years |
| 10 kW | $4.06 | $28,420 | $20,216 | 14.6 years |
| 12 kW | $3.98 | $33,422 | $24,941 | 14.3 years |
| 14 kW | $3.90 | $38,196 | $29,894 | 14.0 years |
| 16 kW | $3.82 | $42,744 | $35,074 | 13.7 years |
| 18 kW | $3.74 | $47,064 | $40,481 | 13.4 years |
| 20 kW | $3.65 | $51,156 | $46,116 | 13.1 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
EcoWatch's Dundee, MI Solar Cost FAQs
What is the average cost of installing solar panels in Dundee?
The average cost of solar panels in Dundee is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Dundee, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 buy 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.