Solar Panels in
Lake, MI

Updated 12/4/2021

How much do solar panels cost in Lake, MI in 2021?

As of December 2021, the average solar panel cost in Lake, MI is $3.17/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Lake, MI ranges in cost from $13,472 to $18,228, with the average gross price for solar in Lake, MI coming in at $15,850. 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 Lake, MI

System Size System Cost System Cost (after ITC)
3 kW $9,510 $7,037
4 kW $12,680 $9,383
5 kW $15,850 $11,729
6 kW $19,020 $14,075
7 kW $22,190 $16,421
8 kW $25,360 $18,766
9 kW $28,530 $21,112
10 kW $31,700 $23,458

2021 average solar panel cost graph in Lake, MI

for a 5kW system

Great Price
$13,472 or less
Market Average
$15,850
Above Market
$18,228 or more
Note: Showing cost data for Clare County, MI.

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

11.30 Years

20-Year Savings

$24,088

Cost per Watt

$3.17

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Top solar installers in Lake, MI

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