Solar Panel Cost Guide in Southgate, MI (2024 Update)
- Southgate Solar Installation Cost: $17,379
- 25-Year Savings: $15,614
- Payback Period: 15.7 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Southgate
We break down average solar pricing in Southgate.
The national average cost of solar panels is $2.66 per watt, but in Southgate it’s 4 per watt.Using this figure, a typical 6.1-kW system would cost about $17,379 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely differ based on your energy needs and what company you choose to go with.For most homeowners, the upfront investment in solar power is worth paying. On average Southgate homeowners see about $17,000 in savings on electricity bills over 20 years.
To get a free estimate from a highly rated solar installer in Southgate, you can click the button below.
Solar savings over time in Southgate
Year | Return on Investment |
---|---|
1 years | $-15,987 |
3 years | $-13,202 |
5 years | $-10,417 |
7 years | $-7,633 |
9 years | $-4,848 |
11 years | $-2,063 |
13 years | $721 |
15 years | $3,506 |
17 years | $6,291 |
19 years | $9,075 |
21 years | $11,860 |
23 years | $14,645 |
25 years | $17,429 |
Top Solar Installers in Southgate
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be time-consuming. Also, if you’d like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you're looking for a solar company in Southgate, the EcoWatch team has put together a list of our top suggestions here:
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 Southgate
Factors that Affect Solar Panel Costs in Southgate
Even though the average cost of a solar system in Southgate is $17,379, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,060.The type of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Southgate homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the growing popularity of green energy solutions in Southgate, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $9,388 | 16.3 years |
8 kW | $4.14 | $23,191 | $12,972 | 16.0 years |
10 kW | $4.06 | $28,420 | $16,784 | 15.7 years |
12 kW | $3.98 | $33,422 | $20,822 | 15.4 years |
14 kW | $3.90 | $38,196 | $25,089 | 15.1 years |
16 kW | $3.82 | $42,744 | $29,582 | 14.8 years |
18 kW | $3.74 | $47,064 | $34,303 | 14.5 years |
20 kW | $3.65 | $51,156 | $39,251 | 14.1 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
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 Southgate, MI Solar Cost FAQs
How much does it cost to install solar panels in Southgate?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Southgate?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Southgate, 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 contact 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 amount of sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.