Solar Panels Cost 3.0k-15k in Menominee, MI | November, 2024

Solar Panels Cost $3.0k-$15k in Menominee, MI | November, 2024

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How much do solar panels cost in Menominee, MI in 2024?

You'll pay around $4.33/W to go solar in the month of November, 2024 in Menominee, MI.

Or in other words, solar panel installations will cost you about $4,330 per 1 kW (or 1000 watts) of production capacity. After deducting the 30% federal tax credit, the cost of a 5 kW solar panel system in Menominee typically comes out to approximately $15,155. Keep in mind that a more powerful system may be needed to fulfill your energy demands.

To the left, you can select your county to view the average roof size and average maximum capacity for residential solar on homes in your area. Displayed below is an outline of the price, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Menominee: $15,155US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Menominee: 15 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Menominee: $-1,984US Average: $16,169

Solar Potential in Menominee

Estimated system size and solar electricity production per median viable roof in
Menominee.

Roof size 644sq. ft.
Capacity 9kW DC
Electricity 9.7kkWh AC per yr.

Electricity Costs in Menominee, MI & What that Means for Your Solar Panel Pricing

The typical monthly electricity cost for a Menominee consumer is $81.94, with a typical usage of 559 kWh. Remember, this number encompasses smaller residential units such as apartments, which usually have lower energy needs.

Menominee, MI's electricity rate averages 14.67¢ per kWh in November 2024.

Average energy consumers in Menominee will need a solar panel system with a generation capacity of 5 kW or more to cover their entire electricity usage demands. Currently, a 5 kW solar panel system will cost around $15,155 after incentives.

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Average solar panel costs by system size in Menominee

Available below and to the left is the pricing breakdown for multiple sizes of the solar panel systems in Menominee. Bigger solar installations come with a higher price, yet they also yield higher electricity savings and larger income tax credits.

The solar panel cost and benefit breakdown, displayed in the calculator to the right and below, is based on an average electric bill of $81.94 in Menominee. If you prefer more personalized results, just adjust the $81.94 to whatever your average electricity bill is.

System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $205 a year
Est. Price
$3,031
Savings from a 1kWthis system
  • Est. yearly production 1,367 kWh
  • Est. monthly savings $17
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 0.74 tons a year
  • Equivalent to planting 34 trees a year
  • Equivalent to driving 1,829 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $410 a year
Est. Price
$6,062
Savings from a 2kWthis system
  • Est. yearly production 2,734 kWh
  • Est. monthly savings $34
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 1.48 tons a year
  • Equivalent to planting 68 trees a year
  • Equivalent to driving 3,657 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $615 a year
Est. Price
$9,093
Savings from a 3kWthis system
  • Est. yearly production 4,101 kWh
  • Est. monthly savings $51
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.22 tons a year
  • Equivalent to planting 102 trees a year
  • Equivalent to driving 5,486 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $820 a year
Est. Price
$12,124
Savings from a 4kWthis system
  • Est. yearly production 5,468 kWh
  • Est. monthly savings $68
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 2.95 tons a year
  • Equivalent to planting 136 trees a year
  • Equivalent to driving 7,314 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,025 a year
Est. Price
$15,155
Savings from a 5kWthis system
  • Est. yearly production 6,835 kWh
  • Est. monthly savings $82
  • Full payback in 15 years
Environmental Impacts
  • Reduces CO2 emissions by 3.55 tons a year
  • Equivalent to planting 163 trees a year
  • Equivalent to driving 8,775 mi less a year

Menominee Solar Panel Installation Incentives & Rebates | 2024

Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar or wind energy installation expenses. Think you fall into this category? Check your qualification with our REAP Grant eligibility tool.

For those considering residential solar, the 30% federal income tax credit is accessible to most people, which makes solar power a wise investment in various parts of the country. Furthermore, several state and local initiatives are in place to further encourage the adoption of solar energy.

Different utilities and governmental organizations in Michigan offer 14 solar rebate and incentive initiatives.

Solar incentives in MI

Michigan Saves - Home Energy Loan Program

Value:Up to $30,000

Single-family homes or multifamily properties up to four units may be eligible for special financing on energy efficiency improvements through the Michigan Saves Home Energy Loan Program (HELP). Eligible projects range from energy efficient lighting to new residential solar photovoltaic systems (up to 20 kW). Available principal for a HELP loan ranges from $1,000 to $30,000. Repayment plans range from 12 - 120 months. Interest rates will vary but typically range from 4.25 - 6.99%. To apply, proof of property ownership and standard credit checks are required. Applicants should have a minimum FICO credit score of 640, and a maximum debt to income ratio of 1:2. Additional information is available from the Michigan Saves website.

Michigan Saves - Business Energy Financing

Value:Up to $1,000,000

Small businesses, nonprofits, and owners of multifamily or public-sector buildings in Michigan may be eligible for special financing on energy efficiency improvements through the Michigan Saves Business Energy Financing Program (BEFP). BEFP loans carry special interest rates and repayment terms. Eligible projects range from energy efficient lighting to new solar, wind, or geothermal energy devices. Interested property owners may consult the Michigan Saves website for additional information and to download a pre-approval checklist. The website also contains a directory of lending partners that service BEFP loans.

Interconnection Standards

Value:Varies

Distributed generation and interconnection have been standardized by the Michigan Public Service Commission since 2003. Each energy system connected to the state grid will be assigned into one of five "categories" based on rated capacity. Systems at each level must follow recognized standards such as those set by IEEE or UL. Interconnection fees and application review turnaround will depend on the system's level. Customers must carry at least $1 million of liability insurance coverage on energy systems between 1 to 5 MW by law. Though external disconnect switches are not required centrally, utilities may request that they be installed prior to interconnection. After successful connection, customers will own any renewable energy credits they generate and may sell them to the utility at their discretion.

Renewable Energy Standard

Value:Varies

Michigan requires private/municipal utilities and electric retailers/cooperatives to submit Renewable Energy Plans detailing their compliance with the state's portfolio standards. By 2021, 15% of each company's electricity should be sourced from renewable means. Eligible technologies include solar PV, wind, biomass, solid waste, and currently-operational hydroelectric systems (new hydro does not count toward the standard). Compliance is measured through a renewable energy credit system pegging electrical capacity to a dollar value. The standard law includes "bonus credit" provisions which a utility may earn for exceeding their standard quota or using an in-demand renewable technology. Additional information is available from the Michigan state website.

Refundable Payroll Tax Credit

Value:Varies

The NextEnergy Zone is located on the Wayne State University Detroit campus. The area is a Renaissance Zone, allowing renewable energy companies and institutions who locate inside to receive certain tax incentives. Incentives specific to the NextEnergy Zone include indirect payroll tax credits for a company's employees, provided they work directly with renewable energy manufacturing or R&D. Credit amount is equal to an employee's salary times their state income tax rate as a percentage. Should credit exceed liability, a refund will be issued for the remainder of the credit amount. Additional information is available through the NextEnergy Authority website.

Low-Income and Energy Efficiency Fund (LIEEF)

Value:Varies

The Low Income and Energy Efficiency Fund (LIEEF) is a public benefits fund in Michigan. LIEEF is supported by the state's three largest power companies through monthly consumer surcharges. Rather than supporting incentive or rebate programs, LIEEF funding supports request-for-proposal programs and grant initiatives to support low-income Michiganders in adopting on-site renewable energy or making other energy efficiency improvements. Additional information is available from the Michigan Public Service Commission, which administers the fund.

Michigan Accelerating Technologies (MATch) Energy Grant

Value:Varies

Michigan Accelerating Technology (MAT) is a grant program managed by the state's NextEnergy authority. Through MAT, businesses and educational institutions that receive federal grants supporting energy sustainability or alternative transportation research may be eligible to have their awards matched at the state level. Grant recipients may be eligible to contract some services to the NextEnergy Authority (for example, statistical analysis and supply chain research.) Additional information is available from the NextEnergy website.

Energy Efficiency in State Buildings

Value:Varies

Michigan first established a mandatory renewable portfolio standard in 2008. The standard required at least 25% of the state's energy to be sourced from renewable means by 2015. The standard was part of a larger restructuring law which also established green construction standards for new state buildings, energy efficiency "best practices" for existing buildings, and a new agency to regulate wind power in the state. Additional information is available from the federal Energy Codes database.

Net Metering

Value:Varies

Private/municipal utilities and electric cooperatives in Michigan are required to offer "inflow-outflow" tariff program participation to new renewable energy and distributed generation customers. This program serves as the successor to traditional net metering, which is expected to be phased out in full by 2028. Under an inflow-outflow contract, customers are technically billed for all electricity they generate, including excess generation (EG) sent to the grid. Rather than paying for all generated energy, however, they will only owe the cost of their "nettable energy" in that cycle. Nettable energy is equal to total power generated at the standard billed cost minus EG at a different "credit rate." As with net metering, should generation exceed consumption, any remaining bill credits will be applied to subsequent cycles. Additional information is available from the Michigan state website.

Alternative-Energy Personal Property Tax Exemption

Value:Varies

The NextEnergy Zone is located on the Wayne State University Detroit campus. The area is a Renaissance Zone, allowing renewable energy companies and institutions who locate inside to receive certain tax incentives. Incentives specific to the NextEnergy Zone include property tax exemptions on renewable energy systems, alternative vehicles, and corporate belongings. Eligible property must be completely new to Michigan; real estate does not qualify for exemptions. Additional information is available through the NextEnergy Authority website.

Solar Contractor Licensing

Value:Varies

Special licenses are available for installation/repair contractors of solar thermal systems in Michigan. Certified HVAC contractors do not need a separate license to install solar devices. To obtain a solar thermal license, applicants should have three years of experience as a journeyman and pass an exam. A trade school diploma counts as one year of experience. There is currently no special licensure for solar photovoltaic contractors. Solar contractors of any specialty may need to subcontract certain plumbing or electrical work. Additional information is available through the Interstate Renewable Energy Council.

Lean and Green Michigan PACE

Value:Varies

Lean and Green Michigan is a statewide property-assessed clean energy (PACE) program that offers special financing for energy efficiency improvements and equipment. Multi-family residential and commercial property owners alike may consult with PACE representatives to design a competitive loan with a private lending partner. Effectively, funding comes from the government; repayment will therefore take the form of a tax lien senior to the property's mortgage. Single-family homes are ineligible for PACE funding due to regulatory concerns from the FHFA. Fannie Mae and Freddie Mac cannot take ownership of a mortgage with an active PACE lien. Interested property owners should visit the Lean and Green Michigan website.

Renewable Energy Program Grants

Value:Varies

Funding for renewable energy grants and initiatives may be provided by the Michigan Energy Office. Grants support educational programs for local governments and businesses on renewable energy adoption. Communities may obtain personalized feasibility studies or examine prototype equipment. Additional information is available from the Michigan Agency for Energy website.

Renewable Energy Renaissance Zones

Value:Varies

"Renaissance Zones" are clearly designated locations in Michigan in which renewable energy developers may qualify for special tax incentives. Qualifying facilities will earn a 15-year property tax abatement and are exempt from state corporate, education, and income taxes, along with some local taxes. Eligible construction includes new solar, wind, or biomass facilities. Capital construction for institutions researching or manufacturing renewable energy products may also qualify for exemptions. Applications for Renaissance Zone incentives will consider potential economic impact. Additional information is available from the Michigan Economic Development Corporation website.

Are solar panels worth it in Michigan?

If you plan living in your home longer than the solar system's payback period, adding solar panels is an clear decision in Menominee. A 5 kW system in Menominee, MI will help you save you, on average, $4,510.6 over a 20 period and the average break even point is 15 years.

The cost of not having solar panels in Menominee, MI

Besides the savings mentioned earlier, failing to have solar panels or an alternative energy backup means you being wholly dependent on your electric utility for electricity. As recent news articles have shown, total reliance on your utility provider isn't always the best situation.

Menominee utilities have reported 1.01 outages per customer per year recently. On average, the length of an outage is 187 minutes. Major events like thunderstorms, aging infrastructure, or vandalism can cause these durations to rise considerably.

A solar panel system could reduce the inconvenience of future outages, even if it lacks a backup battery.

Power Outages

Currently, 0 customers are being tracked in Menominee County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Menominee, MI?

Your Energy Needs - When opting for larger solar panel systems, the overall expense is greater; however, the cost per watt reduces with an increase in system size. Consumers often find that setting up a solar system to fully cover their electric bill is a beneficial decision, resulting in the most savings.

Make & Model - Just like many products, solar panels are offered in a variety of makes and models. Given the certain system preferences an contractor might have, selecting a reputable contractor is critical. For buyers seeking a superior long-term experience, opting for superior quality equipment is essential.

Solar Panel Type - Monocrystalline panels have earned their place as the standard in the industry, and for good reasons. Although they are more expensive, they generate increased energy. The majority of installers use panels made of this material.

Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other obstacles may complicate the installation process. These days, satellite images allow many solar installers to evaluate your home and incorporate these factors into the preliminary cost estimate.

Labor Rates - The varying wages that companies offer their employees result in costs that are ultimately passed on to consumers. Businesses frequently receive higher reviews for their work and customer service when they pay higher wages.

Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will influence your installation cost. Reputable local installers will include these numbers into your preliminary quotes to prevent any surprises.

See what solar panels cost in other MI cities

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Who are the best solar installers in Menominee?

YellowLite

Cleveland, OH(216) 333-1364

Services

  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Reparation of batteries.
  • Installation of batteries for energy storage.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Altenergy

Charlottesville, VA(434) 293-3763

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Cinci Home Solar

Cincinnati, OH(513) 616-6044

Services

  • Consulting on all things solar related.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

Menominee, MI Solar Panel Cost FAQs

  • In Menominee, MI, the mean cost per watt for solar panels as recorded in November, 2024 is $4.33/W. Post federal tax credit, a 5 kW solar panel system installation in Menominee, MI will roughly cost $15,155.
  • Michigan offers 14 different rebates and incentives from a range of utilities and government organizations. On top of that, nearly everyone can qualify for the 30% federal tax credit.
  • While cash payments provide the most savings, there are now many financing options for solar panels that are also advantageous. Initial quotes from installers will frequently contain information about available financing options.
  • Yes, the typical payback time for 5 kW solar panel systems in Menominee, MI is 15 years, and the expected electricity cost savings over 20 years is $4,510.6.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-01