Price Of Solar Panels Made In Michigan

Currently michigan residents pay an average of 0 14 kwh for electricity which is above the national average.

Price of solar panels made in michigan.

How long does it take to earn back your initial investment in solar panels. This analysis is for a 5 kw photo voltaic system exposed to the average sunlight conditions of michigan. The majority of our panels are made in the usa and use many materials made in michigan in their products semiconductors. As of september 2020 the average solar panel cost in michigan is 3 17 w.

Solar panels are somewhat recommended in michigan. Most panels come with a 25 year warranty and are expected to provide you energy for 40 years. Although there are sunnier states than michigan the average electricity price is around 0 14 kwh which is above the national average. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.

Solar panels have fallen in price by more than 80 in the last ten years. 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. On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65. The price of solar panels has dropped so much that we can make up for the fact that it s not arizona in 2017 89 percent of michigan s electricity came from coal nuclear or natural gas.

This makes solar power a sound investment because every unit of energy produced is worth more than the average price of electricity in the us. Additionally some michigan utility companies offer net metering which allows solar customers to receive a 1 to 1 credit for excess energy their solar power systems send back to the grid. Michigan homeowners who add solar panels may be able to take advantage of the current 26 federal solar tax credit. 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.

As of sep 2020 the average cost of solar panels in michigan is 2 66 per watt making a typical 6000 watt 6 kw solar system 11 797 after claiming the 26 federal solar tax credit now available. Solar panel installers in michigan. Are solar panels worth it in michigan. Solar panels are a worthwhile expense in michigan already but they re likely to gain even more value over time as the cost of traditional energy sources continue to increase throughout the state.