How much does solar cost in Michigan?

Take control of your energy costs with solar power. Average solar panel installation costs range from $11,025 to $31,500 in Michigan. How much you actually pay depends on the size of your system, what incentives you’re eligible for and other factors.

Are solar panels worth it in Michigan?

Solar panels are worth it in most areas, including Michigan. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S.

How much does a 7kw Solar System cost in Michigan?

Given the average residential price-per-watt of $4.14 in Michigan, a 7kW system can cost around $28,951 depending on applicable rebates and other factors. Select your county by clicking on the map and see the potential generated solar power and panel pricing. See how it compares with the US state average.

Is solar a good investment in Michigan?

The energy rates are much higher in Michigan than in most other states — an average of 19.32 cents per kWh as opposed to the national average of 16.79 kWh — so solar will likely be a good investment for your home even if you use less power than most homeowners in your area. You can check your average consumption on your past energy bills.

How much money can you save using solar power in Michigan?

An average Michigan resident can expect to save a total of $35,600 – $48,300 on their electric bill in their first 20 years of using Michigan solar power. This much money saved translates to 15% yearly ROI. This return on investment cannot be achieved even in the best stock market or ETF.

How much solar capacity does Michigan have?

As local solar companies grew, the solar capacity grew as well: in 200, the Michigan solar capacity was 6.5 times higher: 2.6 MW. From 2010 to 2015, the solar capacity grew to ~32.4MW and in the next five years to 290.7. Currently, Michigan has around 590 MW of total solar capacity installed.