Cost Of Solar Panels In Michigan

The installed cost of a 5kw solar system is around 20 000.

Cost of solar panels in michigan.

The average cost for an installed residential solar system in michigan is currently 11 797 after claiming the 26 federal solar tax credit. This is 2 66 per watt. Solar panel installers in michigan. The average cost of installing residential solar panels in lansing michigan in 2020 is 2 58 per watt the average system size in the us is 6 kilowatts which means the average price of a solar system in lansing mi is 12 900.

Based on the price of electricity in michigan an average of 0 15 per kw and very low amounts of sun 13 less than average compared to other states solar power is 8 more cost effective than the rest of the nation. 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. Solar panel cost data michigan 2020 updated.

As of july 2020 the average solar panel cost in michigan is 3 19 w given a solar panel system size of 5 kilowatts kw an average solar installation in michigan ranges in cost from 13 558 to 18 342 with the average gross price for solar in michigan coming in at 15 950 after accounting for the 26 federal investment tax credit itc and other state and local solar incentives the net. Solar panels are somewhat recommended in michigan. Currently michigan residents pay an average of 0 14 kwh for electricity which is above the national average. On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65.

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. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228.