Solar panel cost data michigan 2020 updated.
How many solar panels to run a home in michigan.
A 5kw solar system which consists of 20 panels can produce an average of 7 000 kwh per year.
The price of installing solar panels in michigan has declined by 32 in the past five years making it more affordable than ever.
Follow along to calculate the amount of solar panels your specific home will need.
This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt.
How long does it take to earn back your initial investment in solar panels.
To reach a 100 solar electrical grid would require 2 4 of michigan s land area to host 108 gw of installed capacity.
Updated june 25 2020 a typical american home will need 14 36 solar panels to cover their power bill and at least 227 square feet of rooftop space to accommodate the solar panels.
Assuming you are going to choose standard efficiency solar panels here are the most common sizes for residential solar systems and their kwh production potential to give you an idea of how many panels you would need to run a house.
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.
You will need a roof space of about 194 sq ft for a 3kw system.
Michigan had over 176 mw of solar capacity in 2019.
This analysis is for a 5 kw photo voltaic system exposed to the average sunlight conditions of michigan.
The solar panels installed by powerhome solar come with a 25 year manufacturer s warranty giving you peace of mind for the long haul.
Currently michigan residents pay an average of 0 14 kwh for electricity which is above the national average.
Michigan is expected to use 120 twh per year in 2030.
In the example above you would need 24 solar panels to account for 80 of your average consumption 29 6 kwh daily usage divided by 1 24 kwh per panel.
On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65.
The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228.
Although there are sunnier states than michigan the average electricity price is around 0 14 kwh which is above the national average.
You will need.
Solar provided only about 0 25 of all electricity.
A 3kw solar system which consists of 12 panels can produce an average of 4 200 kwh per year.
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.