How much do solar panels cost in michigan

How much do solar panels cost in Michigan?

As of July 2024, the average solar panel system costs $3.17/W including installation in Michigan. For a 5 kW installation, this comes out to about $15,872 before incentives, though prices range from $13,491 to $18,253. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

Should you get solar panels in Michigan?

Factor in the federal solar tax credit, and Michiganders can cut the cost of solar by thousands of dollars, speeding up your payback period and increasing the value of your investment. Here's what you need to know about getting solar panels in the Wolverine State.

Are solar panels tax deductible in Michigan?

Michigan residents who purchase solar panels are eligible for the federal solar tax credit, which grants a 30% credit based on the cost of the installed solar panels for the following tax season. This is the most attractive incentive for installing solar in most places—and Michigan is no exception.

Are solar batteries worth the cost in Michigan?

A lot of Michiganders choose to couple their panels with solar batteries, which can drive up your costs to install your system by thousands or even tens of thousands of dollars. But solar batteries can be well worth the cost, providing a few major benefits to residents in Michigan.

How many solar panel installers are there in Michigan?

According to the Solar Energy Industries Association (SEIA), there are around 84 solar panel installation companies to choose from in Michigan. Each installer charges different prices for its labor and can markup the equipment it installs differently. This leads to prices being wildly different among installers in the area.

How much do solar panels cost?

This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt. The size of a solar panel system also plays a role in how much the installation will cost. Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’.