Solar Panel Cost Guide in Morton, MI (2024 Update)
- Morton Solar Installation Cost: $17,566
- 25-Year Savings: $21,535
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Morton
Find out what the average cost of solar panel installation is in Morton.
In Morton, solar panels cost about 4 per watt on average.The average solar panel system size in Morton is around 6.2 kilowatts, meaning a cost of about $17,566 for a solar installation, or $25,119 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more.Even with the significant initial cost, the average Morton homeowner can save about $21,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free quote from a top solar installation company in Morton, you can click the button below.
Solar savings over time in Morton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,312 |
| 3 years | $-13,805 |
| 5 years | $-11,297 |
| 7 years | $-8,790 |
| 9 years | $-6,283 |
| 11 years | $-3,775 |
| 13 years | $-1,268 |
| 15 years | $1,240 |
| 17 years | $3,747 |
| 19 years | $6,254 |
| 21 years | $8,762 |
| 23 years | $11,269 |
| 25 years | $13,777 |
Top Solar Installers in Morton
Although it's possible to install solar panels yourself, it takes extra time and knowledge. Because of that, most people choose to hire a solar panel installer. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Morton
Factors that Affect Solar Panel Costs in Morton
For many Morton homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Morton, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 Morton.The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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 into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Morton to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.Although solar loans make adopting solar energy more accessible for Morton homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the growing popularity of green energy solutions in Morton, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Morton know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $14,973 | 13.6 years |
| 8 kW | $4.14 | $23,191 | $20,418 | 13.3 years |
| 10 kW | $4.06 | $28,420 | $26,091 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $31,992 | 12.8 years |
| 14 kW | $3.90 | $38,196 | $38,119 | 12.5 years |
| 16 kW | $3.82 | $42,744 | $44,475 | 12.3 years |
| 18 kW | $3.74 | $47,064 | $51,057 | 12.0 years |
| 20 kW | $3.65 | $51,156 | $57,867 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on 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:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 Morton, MI Solar Cost FAQs
What is the average cost of installing solar panels in Morton?
This is a tough question to answer precisely, because the cost depends on many 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Morton?
You can’t get solar panels for free in Morton. 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.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Morton, 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 often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger level 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.