Solar Panels Cost In Michigan

The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228.

Solar panels cost in michigan.

Solar panel installers in michigan. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. 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. 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.

This is 2 66 per watt. How long does it take to earn back your initial investment in solar panels. Solar panel cost in michigan. The installed cost of a 5kw solar system is around 20 000.

Solar panels are somewhat recommended in michigan. On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65. The average cost for an installed residential solar system in michigan is currently 11 797 after claiming the 26 federal solar tax credit. 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.