Solar Panel Cost Guide in Holland, MI (2024 Update)
- Holland Solar Installation Cost: $16,853
- 25-Year Savings: $20,077
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Holland
Find out what the average cost of installing solar panels is in Holland.
Although the national average of solar panels is $2.66 per watt, solar panels in Holland generally cost around 4.Since a 5.9-kW system is needed to cover the energy usage of a typical home in Holland, the average price of going solar will be about $16,853 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Holland homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $20,000 over 20 years on energy bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Holland
| 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 Holland
Although it's possible to install solar panels by yourself, it involves extra time and know-how. That's why most people choose to hire a solar panel installer. Local solar companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
There are various licensed solar professionals that can install solar panels for you. 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 Holland
Factors that Affect Solar Panel Costs in Holland
There are several factors that can affect 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
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $4,060 per kilowatt in Holland.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Holland average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Holland is the company you hire to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you’re looking for and also is within your budget.
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 | $14,382 | 13.8 years |
| 8 kW | $4.14 | $23,191 | $19,630 | 13.5 years |
| 10 kW | $4.06 | $28,420 | $25,106 | 13.3 years |
| 12 kW | $3.98 | $33,422 | $30,809 | 13.0 years |
| 14 kW | $3.90 | $38,196 | $36,740 | 12.7 years |
| 16 kW | $3.82 | $42,744 | $42,898 | 12.5 years |
| 18 kW | $3.74 | $47,064 | $49,283 | 12.2 years |
| 20 kW | $3.65 | $51,156 | $55,896 | 11.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
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 Holland, MI Solar Cost FAQs
What is the average cost of installing solar panels in Holland?
The average cost of solar panels in Holland is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Holland?
You can’t get solar panels for free in Holland. However, you may still be able to install 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.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out 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 household 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.