Solar Panels in
Monroe, MI

Updated 6/25/2022

How much do solar panels cost in Monroe, MI in 2022?

As of July 2022, the average solar panel cost in Monroe, MI is $3.21/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Monroe, MI ranges in cost from $13,642 to $18,458, with the average gross price for solar in Monroe, MI coming in at $16,050. 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 Monroe, MI

System Size System Cost System Cost (after ITC)
3 kW $9,630 $7,126
4 kW $12,840 $9,502
5 kW $16,050 $11,877
6 kW $19,260 $14,252
7 kW $22,470 $16,628
8 kW $25,680 $19,003
9 kW $28,890 $21,379
10 kW $32,100 $23,754

2022 average solar panel cost graph in Monroe, MI

for a 5kW system

Great Price
$13,642 or less
Market Average
$16,050
Above Market
$18,458 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

10.44 Years

20-Year Savings

$33,886

Cost per Watt

$3.21

Top solar installers in Monroe, MI

If you are looking for solar companies in MI, here are some popular suggestions:

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