Solar Panels in
Saginaw, MI

Updated 11/27/2021

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

As of December 2021, the average solar panel cost in Saginaw, MI is $3.10/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Saginaw, MI ranges in cost from $13,175 to $17,825, with the average gross price for solar in Saginaw, MI coming in at $15,500. 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 Saginaw, MI

System Size System Cost System Cost (after ITC)
3 kW $9,300 $6,882
4 kW $12,400 $9,176
5 kW $15,500 $11,470
6 kW $18,600 $13,764
7 kW $21,700 $16,058
8 kW $24,800 $18,352
9 kW $27,900 $20,646
10 kW $31,000 $22,940

2021 average solar panel cost graph in Saginaw, MI

for a 5kW system

Great Price
$13,175 or less
Market Average
$15,500
Above Market
$17,825 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

10.09 Years

20-Year Savings

$27,465

Cost per Watt

$3.10

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