Solar Panels in
Walloon Lake, MI

Updated 6/8/2019

How much do solar panels cost in Walloon Lake, MI in 2020?

As of March 2020, the average solar panel cost in Walloon Lake, MI is $3.45/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Walloon Lake, MI ranges in cost from $14,662 to $19,838, with the average gross price for solar in Walloon Lake, MI coming in at $17,250. 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.

Average solar panel cost by system size in Walloon Lake, MI

System Size System Cost System Cost (after ITC)
3 kW $10,350 $7,659
4 kW $13,800 $10,212
5 kW $17,250 $12,765
6 kW $20,700 $15,318
7 kW $24,150 $17,871
8 kW $27,600 $20,424
9 kW $31,050 $22,977
10 kW $34,500 $25,530

2020 average solar panel cost graph in Walloon Lake, MI

for a 5kW system

Great Price
$14,662 or less
Market Average
Above Market
$19,838 or more
Note: Showing cost data for Charlevoix 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

9.81 Years

20-Year Savings


Cost per Watt


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True Cost of Solar Guide™ for Michigan

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