Solar Panel Cost Guide in Raisin, MI (2024 Update)
- Raisin Solar Installation Cost: $17,337
- 25-Year Savings: $19,722
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Raisin
Let’s have a look at the average cost of solar panels in Raisin.
Although the national average of solar panels is $2.66 per watt, solar panels in Raisin typically cost about 4.To cover the typical energy usage of the average home in Raisin, most homeowners require a 6.1-kilowatt system. Using the figure above, a solar installation costs about $17,337, or $24,792 before the federal solar tax credit of 0 is applied.
The actual price you pay can go above or below the average in Raisin based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Raisin can save about $20,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Raisin for a personalized quote.
Solar savings over time in Raisin
| Year | Return on Investment |
|---|---|
| 1 years | $-16,083 |
| 3 years | $-13,576 |
| 5 years | $-11,068 |
| 7 years | $-8,561 |
| 9 years | $-6,053 |
| 11 years | $-3,546 |
| 13 years | $-1,039 |
| 15 years | $1,469 |
| 17 years | $3,976 |
| 19 years | $6,484 |
| 21 years | $8,991 |
| 23 years | $11,498 |
| 25 years | $14,006 |
Top Solar Installers in Raisin
When going solar, many homeowners decide to hire a solar installation company since overseeing your solar installation yourself can be a difficult project. The expertise that solar installers offer can be helpful as well, particularly if you aren’t sure what kind of solar equipment you need.
There are various licensed solar professionals that can take care of your solar installation project. 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 Raisin
Factors that Affect Solar Panel Costs in Raisin
The cost of installing a solar system in Raisin can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,060. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Raisin, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Raisin, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact how much it costs. Raisin’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $13,466 | 14.2 years |
| 8 kW | $4.14 | $23,191 | $18,410 | 13.9 years |
| 10 kW | $4.06 | $28,420 | $23,581 | 13.7 years |
| 12 kW | $3.98 | $33,422 | $28,979 | 13.4 years |
| 14 kW | $3.90 | $38,196 | $34,604 | 13.1 years |
| 16 kW | $3.82 | $42,744 | $40,457 | 12.8 years |
| 18 kW | $3.74 | $47,064 | $46,538 | 12.6 years |
| 20 kW | $3.65 | $51,156 | $52,845 | 12.3 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the types 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 consider, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- 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.
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 Raisin, MI Solar Cost FAQs
What is the average cost of installing solar panels in Raisin?
The average cost of solar panels in Raisin 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 use.
Are solar panels free in Raisin?
Solar panels aren’t free in Raisin, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires 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 home 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.