Solar Panels Cost 5.4k-16k in Warren, MI | November, 2024

Solar Panels Cost $5.4k-$16k in Warren, MI | November, 2024

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

As of November, 2024, the current price to go solar in Warren, MI is $3.91 per watt.

This means that, solar panels will cost you approximately, on average, $3,910 per 1000 watts (1 kW) of generation capacity. In Warren, you can expect to spend about $13,685 for a 5 kW solar panel install after factoring in the 30% federal income tax credit. However, a 5kW system may not be big enough to fully meet your energy demands.

Use the left-hand menu to select your area and view the typical roof size and the maximum capacity for residential solar on homes in your county. You can review the costs, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Warren: $13,685US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Warren: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Warren: $9,963US Average: $16,169

Solar Potential in Warren

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

Roof size 751sq. ft.
Capacity 10.5kW DC
Electricity 11.5kkWh AC per yr.

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

The monthly kWh usage for a Warren energy consumer is 610, with a typical electric bill of $122.97. Smaller houses, including condos and duplexes, are also covered in the statistics cited in the preceding sentence.

The average electricity rate in Warren, MI in November 2024 is 20.17¢ per kWh.

Typical electricity users in Warren may need a solar system of 6 kW or larger to meet their entire electricity consumption demands. Initially, a 6 kWsolar installation costs about $23,460, with the 30% tax credit, this drops to $16,422.

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Average solar panel costs by system size in Warren

Displayed below and to the left, you will see a thorough pricing structure for different solar panel system sizes installed in Warren. The investment for a larger solar panel setup is higher, but it also provides higher electricity savings and increased income tax credits.

Using the solar panel cost calculator located to the right and below, you can view a detailed cost and benefit analysis based on an average electric bill of $122.97 in Warren. For results that are more personalized, modify the $122.97 to align with your regular electricity bill.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $550 a year
Est. Price
$5,474
Savings from a 2kWthis system
  • Est. yearly production 2,750 kWh
  • Est. monthly savings $46
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.58 tons a year
  • Equivalent to planting 72 trees a year
  • Equivalent to driving 3,899 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $825 a year
Est. Price
$8,211
Savings from a 3kWthis system
  • Est. yearly production 4,125 kWh
  • Est. monthly savings $69
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 2.36 tons a year
  • Equivalent to planting 109 trees a year
  • Equivalent to driving 5,849 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,100 a year
Est. Price
$10,948
Savings from a 4kWthis system
  • Est. yearly production 5,499 kWh
  • Est. monthly savings $92
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 3.15 tons a year
  • Equivalent to planting 145 trees a year
  • Equivalent to driving 7,799 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,375 a year
Est. Price
$13,685
Savings from a 5kWthis system
  • Est. yearly production 6,874 kWh
  • Est. monthly savings $115
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 3.94 tons a year
  • Equivalent to planting 181 trees a year
  • Equivalent to driving 9,748 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,650 a year
Est. Price
$16,422
Savings from a 6kWthis system
  • Est. yearly production 8,249 kWh
  • Est. monthly savings $123
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 4.23 tons a year
  • Equivalent to planting 194 trees a year
  • Equivalent to driving 10,466 mi less a year

Warren 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 energy or wind energy installation expenses. To see if you qualify, use our REAP Grant eligibility tool.

Homeowners can qualify for a 30% federal income tax credit for installing residential solar panels, making solar power a sensible option throughout much of the country. Alongside federal efforts, state and local programs help to support the use of solar power.

A total of 14 solar rebates and incentives are available in Michigan through various utility companies and government agencies.

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, installing solar panels is an smart decision in Warren. With a 5 kW solar system in Warren, MI, the average savings over a 20 period is $15,827.8, with break even usually occurring at 9 years.

The cost of not having solar panels in Warren, MI

Besides missing out on the aforementioned savings, not installing solar panels or any backup energy system leaves you totally reliant on your electric utility for power. Recent news has demonstrated that complete dependence on your utility company is not always ideal.

Lately, utilities in Warren have recorded an average of 0.85 outages per customer annually. Usually, outages have an average duration of 156.84 minutes. However, during critical events like tornadoes, overloaded power grids, or wildlife damage, these times can extend dramatically.

A solar panel system, with or without a backup battery, could help mitigate the effects of future outages you might face.

Power Outages

Currently, 0 customers are being tracked in Macomb County.

Learn more

Customers Out:

0

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

Your Energy Needs - Though the initial cost of larger solar panel systems is greater, the price per watt diminishes as the system gets larger. A majority of homeowners find it advantageous to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This approach makes the most sense for maximum savings.

Make & Model - Solar panels and mounting equipment are offered in a range of makes and models. The preferences for brand that your installer has may make it vital to pick a recommended installer. Buyers frequently find that utilizing higher quality equipment results in a more favorable long-term experience.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. Despite the higher price tag, these panels produce greater energy output. Most installation experts use panels crafted from this material.

Your Property - Each property and home has its own characteristics. Factors such as trees, sloping terrain, or additional hurdles can make the installation more challenging. By using satellite images, many solar installers nowadays can assess your home and include these factors into the initial cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately passed on to consumers. Higher reviews for services and customer service are often associated with companies that pay higher wages.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Reputable local installers will include these figures in your initial estimates to provide transparency.

See what solar panels cost in other MI cities

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Who are the best solar installers in Warren?

YellowLite

Cleveland, OH(216) 333-1364

Services

  • Installation of solar arrays.
  • Reparation 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.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

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

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

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

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

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

Harvest Solar

Jackson, MI(888) 907-6527

Services

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

GRNE Solar

Palatine, IL(312) 859-3417

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Ideal Energy

Fairfield, IA(800) 634-4454

Services

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

Altenergy

Charlottesville, VA(434) 293-3763

Services

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

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

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

Cinci Home Solar

Cincinnati, OH(513) 616-6044

Services

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

Warren, MI Solar Panel Cost FAQs

  • As of November, 2024, the average per-watt cost for solar panels in Warren, MI is $3.91/W. The installation of a 5 kW solar panel system in Warren, MI will cost about $13,685 after federal tax credits.

  • Utilities and government agencies in Michigan are currently offering 14 different rebates and incentives. Moreover, nearly everyone is eligible for the 30% federal income tax credit.

  • Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Your initial quotes will often contain information about financing options provided by installers.

  • Yes, in Warren, MI, 5 kW solar panel systems usually pay off in 9 years, providing an average electricity cost savings of $15,827.8 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-04