Solar Panel Cost in
Michigan

Updated 9/18/2021

How much do solar panels cost in Michigan in 2021?

As of September 2021, the average solar panel cost in Michigan is $3.12/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Michigan ranges in cost from $13,260 to $17,940, with the average gross price for solar in Michigan coming in at $15,600. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in Michigan

System Size System Cost System Cost (after ITC)
3 kW $9,360 $6,926
4 kW $12,480 $9,235
5 kW $15,600 $11,544
6 kW $18,720 $13,853
7 kW $21,840 $16,162
8 kW $24,960 $18,470
9 kW $28,080 $20,779
10 kW $31,200 $23,088

2021 average solar panel cost graph in Michigan

for a 5kW system

Great Price
$13,260 or less
Market Average
$15,600
Above Market
$17,940 or more

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local MI incentives, tax credits & rebates.

Payback Period

10.52 Years

20-Year Savings

$28,733

Cost per Watt

$3.12

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Top solar installers in Michigan

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