Solar Panel Systems Michigan

As of september 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.

Solar panel systems michigan.

As of sep 2020 the average cost of solar panels in michigan is 2 66 per watt making a typical 6000 watt 6 kw solar system 11 797 after claiming the 26 federal solar tax credit now available. In michigan the average solar payback period is 10 31 years. How long does it take to earn back your initial investment in solar panels. On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65.

This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. At the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. We are one of the few companies that have a full time service department monitoring our customer s solar arrays via the internet. Michigan homeowners who add solar panels may be able to take advantage of the current 26 federal solar tax credit.

Additionally some michigan utility companies offer net metering which allows solar customers to receive a 1 to 1 credit for excess energy their solar power systems send back to the grid. We are committed to helping your family or business go green. The green panel is a full service solar panel company that quotes engineers and installs solar photovoltaic pv and solar thermal systems all across michigan. Solar panel cost data michigan 2020 updated.

A solar payback period is the amount of time it takes for property owners who install solar panels to recover their initial investment through electricity savings. Over a decade of providing solar installations in michigan michigan solar solutions mss designs and installs commercial residential municipal non profit and educational solar arrays across the state.