Solar Panels in
Newaygo, MI

Updated 6/8/2019

How much do solar panels cost in Newaygo, MI in 2020?

As of February 2020, the average solar panel cost in Newaygo, MI is $3.22/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Newaygo, MI ranges in cost from $13,685 to $18,515, with the average gross price for solar in Newaygo, MI coming in at $16,100. 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 Newaygo, MI

System Size System Cost System Cost (after ITC)
3 kW $9,660 $7,148
4 kW $12,880 $9,531
5 kW $16,100 $11,914
6 kW $19,320 $14,297
7 kW $22,540 $16,680
8 kW $25,760 $19,062
9 kW $28,980 $21,445
10 kW $32,200 $23,828

2020 average solar panel cost graph in Newaygo, MI

for a 5kW system

Great Price
$13,685 or less
Market Average
$16,100
Above Market
$18,515 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

9.87 Years

20-Year Savings

$42,569

Cost per Watt

$3.22

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Top solar installers in Newaygo, MI

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True Cost of Solar Guide™ for Michigan

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Don’t get sold on the hype! Find out what solar should actually cost before you talk to your first sales rep. This PDF worksheet will walk you through the simple calculations you can make to determine what size solar PV system you need, and approximately how much it should cost.