Are you planning to get a solar panel installed at your home? If yes, you must be wondering about the solar panel price and installation charges. Solar Energy Detroit is known for offering the most affordable solar energy solutions, and here, we will give you a fair estimate of the possible cost to be borne. Before we get into the average costing details of solar panel installation at your home, we also want to inform you that the charges differ based on many factors. So, we will be able to quote you the exact pricing for the solar installation only after knowing your requirements and examining your place.
Solar Panel Cost for Home
|
The cost of solar panels for homes in Detroit ranges from $2.81 to $3.38 per watt. This cost is higher than the national average. Usually, a home in Detroit needs a 7kw solar panel to meet all its needs.
Therefore, the charge for a regular solar panel for you will cost you around $14556 to $17508 post the application of the Federal Solar Tax Credit or ITC. However, if needed, we can also install 3, 4, 5, 6, 8, 9, and 10KW solar panels at your property. Depending on the system you are choosing, the cost will vary. Choosing a solar panel for your home will be a value-for-money proposition as the per-month electricity bill in each home is higher in Michigan in comparison to most other states in the USA. |
|
Charges for Solar Panel Installation
At Solar Energy Detroit, we determine the charges of the installation based on the size of the solar system chosen. On average, the cost will be somewhat between $7.5-25k.
Why Does Solar Panel Cost and Installation Charge Vary?
The charges for solar panel and their installations vary because of different factors. Those are called the cost factors, and sometimes they can make the charges shoot up above $30k. At Solar Energy Detroit, we keep our clients informed about the following factors so that they are on the same page with us from the very beginning.
The Equipment You are ChoosingIn Detroit or Michigan, you will need a higher-efficiency solar panel to meet all your household needs. Depending on the energy consumption of your house, there will also be a variation in the power of the solar panel you are choosing. It will not be the same as your neighbor. Further, Michigan is known to have only 170 sunny days in a year with problems of cloud overcasts, snowfalls, and other extreme weather conditions. So, to be on the safe side, we recommend our clients choose solar batteries along with solar panels. These essential add-ons may increase your solar panel roof cost.
|
How You are Financing Your EquipmentThe cost of the solar panel and its installation will also depend on how you are financing it. If you are buying it with cash, the payment will be upfront, but there will not be additional interest. However, if you are going for solar loans, there will be no upfront payment, but the total amount to be paid with interest will be higher. So, needless to say, buying the equipment with cash will be the most profitable proposition for you. Usually, we ask our clients to refrain from taking a solar lease or going for a Power Purchase Agreement (PPA). People lose considerably on their profit amounts by choosing these provisions for financing their solar equipment.
|
Your Installation PartnerThe charges for your solar equipment and its installation will also depend on the company you are choosing. Solar Energy Detroit uses the best solar panel models and installs them at the most reasonable cost. Besides, our pricing policy is transparent, and we can customize the charges according to the requirements of our clients.
|
