Solar Panel Cost Guide in Woodhull, MI (2024 Update)
- Woodhull Solar Installation Cost: $17,642
- 25-Year Savings: $17,275
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Woodhull
We go over average solar pricing in Woodhull.
The average cost of a solar panel system in Woodhull is 4 per watt.The average Woodhull homeowner needs a 6.2-kilowatt system, which would cost about $17,642 with the federal tax credit, or $25,228 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.But, once you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Woodhull
| 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 Woodhull
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar panel installer can make your swap to solar power much easier. Another advantage of going with a solar installer is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
Working with a professional solar installer can make going solar easier. 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 Woodhull
Factors that Affect Solar Panel Costs in Woodhull
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Woodhull: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Woodhull have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your total costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Woodhull is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $10,765 | 15.6 years |
| 8 kW | $4.14 | $23,191 | $14,808 | 15.3 years |
| 10 kW | $4.06 | $28,420 | $19,079 | 15.0 years |
| 12 kW | $3.98 | $33,422 | $23,576 | 14.7 years |
| 14 kW | $3.90 | $38,196 | $28,302 | 14.4 years |
| 16 kW | $3.82 | $42,744 | $33,254 | 14.1 years |
| 18 kW | $3.74 | $47,064 | $38,434 | 13.8 years |
| 20 kW | $3.65 | $51,156 | $43,841 | 13.5 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types 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, such as:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you want a specific brand, make sure the solar panel company you’re considering has it.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide good-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 Woodhull, MI Solar Cost FAQs
What is the average cost of installing solar panels in Woodhull?
The average cost of solar panels in Woodhull is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Woodhull?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels completely eradicate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Woodhull, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with 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 goes down 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.