Michigan Solar Panels Cost

The average cost of a solar panel installation in michigan ranges from 13 430 to 18 170.

Michigan solar panels cost.

1124 11 93 68 per month. This 7 98kw system would offset 100 of your energy usage if your typical monthly bill in michigan is 108 however your situation may vary so try our solar calculator to get a result tailored to you. How much do solar panels cost in michigan. On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 63.

As of december 2020 the average solar panel cost in michigan is 3 17 w given a solar panel system size of 5 kilowatts kw an average solar installation in michigan ranges in cost from 13 472 to 18 228 with the average gross price for solar in michigan coming in at 15 850 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net. The graph below shows the average cost of installed solar systems in your part of the state. The installed cost of a 5kw solar system is around 20 000. As of december 2020 the average solar panel cost in michigan is 3 16 w.

Michigan is one of the best states in the country if you want to go solar but only if you re rich enough. Michigan should continue to be a beacon of light for solar energy for years to come. Key takeaways about solar panel cost the cost of solar in 2020 is about 12 920 after tax credits 2 91 watt the cost of solar has fallen over 20 over the past 5 years the best way to get a fair price for solar is by comparing quotes on the energysage marketplace. With an average month s electric bill totaling 96 95 it definitely makes sense to see if you can save money on power.

This is higher than the average price of residential solar power systems across the united states which is currently 2 39 per watt. Given a solar panel system size of 5 kilowatts kw an average solar installation in michigan ranges in cost from 13 430 to 18 170 with the average gross price for solar in michigan coming in at 15 800. The average cost for an installed residential solar system in michigan is currently 11 797 after claiming the 26 federal solar tax credit. The average michigan resident spends about 0 15 per kilowatt hour kwh and uses about 665 kilowatts kw per month.

This is 2 66 per watt. The costs and savings for a 5 kw pv system in michigan can be broken down as follows. However the federal tax credit allows you to recover 30 of the investment as a tax credit so the net outlay is reduced to 14 000. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.