Solar Savings Calculator for Michigan

Michigan homeowners pay an average of $145/month for electricity at 18.5¢/kWh. With 3.8 peak sun hours per day, solar can dramatically cut your energy costs.

$145
Avg Monthly Bill
18.5¢/kWh
Electricity Rate
3.8h/day
Peak Sun Hours
$47,031
Est. 25-Year Savings

Calculate Your Savings in Michigan

Adjust Your Details for Michigan

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
6.8 kW
Panel Count
17 panels
Total System Cost
$19,380
Federal Tax Credit (30%)
-$5,814
Net Cost
$13,566
Annual Savings
$1,740
Payback Period
7.8 years
25-Year Savings
$47,031
Return on Investment
347%

* Estimates based on 3.8 peak sun hours/day in Michigan, system cost of $2.85/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Solar Incentives in Michigan

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Cities in Michigan

Select your city for a more precise estimate with local electricity rates and utility information.

More Solar Resources for Michigan

Ready to Go Solar in Michigan?

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