The cost of solar panels in Dexter, MI

Updated Jan 18, 2024

  • You'll pay an average of $16,785 to install a 5 kilowatt solar panel system in Dexter, MI, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

  • With EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than if you work with a single company.

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Written by: Emily Walker

As of February 2024, the average solar panel system costs $3.36/W including installation in Dexter, MI. For a 5 kW installation, this comes out to about $16,785 before incentives, though prices range from $14,267 to $19,303. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Dexter, MI

Good Price
$14,267 or less
Market Average
$16,785
High Price
$19,303 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Dexter, MI state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $16,785 in Dexter, MI, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Dexter, MI

System Size
System Cost
System Cost (after ITC)
3 kW$10,071$7,050
4 kW$13,428$9,399
5 kW$16,785$11,749
6 kW$20,142$14,099
7 kW$23,499$16,449
8 kW$26,856$18,799
9 kW$30,213$21,149
10 kW$33,570$23,499

Are solar panels worth it in Dexter, MI?

Solar panels are worth it in most areas, including Dexter, MI. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $31,236 over 20 years on electricity costs with a 5 kW system in Dexter, MI. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

If you don't have access to net metering, these estimates don't account for utility net billing rates.

Payback Period
10.11 Years
20-Year Savings
$31,236
Cost-per-Watt
$3.36

If you can't shell out $16,785 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

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

  • North Coast Solar
    Davison, MI
    Elite Installer
    We pride ourselves on providing the truth about how solar will benefit or not benefit our fellow Michiganders. It...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    33 Reviews

    We pride ourselves on providing the truth about how solar will benefit or not benefit our fellow Michiganders. It...
  • Srinergy
    Novi, MI
    Established 2010
    Elite Installer
    We continually seek out the latest technologies in solar energy generation and solar storage as such, have formed...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    4 Reviews

    We continually seek out the latest technologies in solar energy generation and solar storage as such, have formed...
  • Strawberry Solar
    Detroit, MI
    Established 2010
    Advanced Installer
    Strawberry Solar is headquartered in Detroit, serving the lower peninsula of Michigan. We are staffed with expert...
    Advanced Installer
    Screened & Verified
    5.0 /5.0
    43 Reviews

    Strawberry Solar is headquartered in Detroit, serving the lower peninsula of Michigan. We are staffed with expert...
  • Oak Electric
    Waterford, MI
    Established 1999
    Approved Installer
    We don’t just want to be your solar installer we also want be your electrician, plumber and HVAC contractor. One ...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    5 Reviews

    We don’t just want to be your solar installer we also want be your electrician, plumber and HVAC contractor. One ...
  • Streamline Electric & Solar
    Detroit, MI
    Approved Installer
    Installing solar panels or arrays on your home or business can help you become less dependent on the public energ...
    Approved Installer
    Screened & Verified
    5.0 /5.0
    10 Reviews

    Installing solar panels or arrays on your home or business can help you become less dependent on the public energ...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Dexter, MI.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Dexter, MI. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

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