Solar Panel Cost Guide in Owosso, MI (2024 Update)
- Owosso Solar Installation Cost: $17,642
- 25-Year Savings: $23,094
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Owosso
Let’s have a look at the average cost of solar in Owosso.
While the national average of solar panels is $2.66 per watt, solar panels in Owosso typically cost around 4.Using this figure, a typical 6.2-kW system would cost about $17,642 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs may look different based on factors unique to your home and what company you want to go with.With typical savings of about $22,000 on energy bills over 20 years, many homeowners in Owosso find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Owosso
| Year | Return on Investment |
|---|---|
| 1 years | $-16,388 |
| 3 years | $-13,880 |
| 5 years | $-11,373 |
| 7 years | $-8,866 |
| 9 years | $-6,358 |
| 11 years | $-3,851 |
| 13 years | $-1,343 |
| 15 years | $1,164 |
| 17 years | $3,671 |
| 19 years | $6,179 |
| 21 years | $8,686 |
| 23 years | $11,193 |
| 25 years | $13,701 |
Top Solar Installers in Owosso
Installing solar panels by yourself can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you pick which one will be right for you.
Working with a vetted 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 Owosso
Factors that Affect Solar Panel Costs in Owosso
The cost of installing a solar system in Owosso can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Owosso provide solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to add 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $16,390 | 13.0 years |
| 8 kW | $4.14 | $23,191 | $22,308 | 12.7 years |
| 10 kW | $4.06 | $28,420 | $28,454 | 12.5 years |
| 12 kW | $3.98 | $33,422 | $34,827 | 12.2 years |
| 14 kW | $3.90 | $38,196 | $41,427 | 12.0 years |
| 16 kW | $3.82 | $42,744 | $48,255 | 11.7 years |
| 18 kW | $3.74 | $47,064 | $55,309 | 11.5 years |
| 20 kW | $3.65 | $51,156 | $62,592 | 11.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: The model of solar panel you’d like to get plays a part in which company you should go with, since different companies have access to different panels.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Owosso, MI Solar Cost FAQs
What is the average cost of installing solar panels in Owosso?
The average cost of solar panels in Owosso 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 type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Owosso?
A solar panel system isn’t free in Owosso, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Owosso, 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 long do solar panels last in Owosso?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.