Michigan Solar Panels: Pricing and Incentives
Solar panel costs are measured in how many watts per dollar the system can deliver. On average, a residential solar panel system costs between $3 and $5 per watt. When added up, this leads to an average solar cost of $15,000 to $25,000. Keep in mind, this price is before solar rebates and tax credits are taken into account. And solar panels will eventually pay for themselves through energy cost savings. The average amount of time it takes for a residential solar system to pay for itself is 6 to 9 years.