Solar Savings Calculator for Grand Rapids, MI

Homeowners in Grand Rapids pay an average of $140/month for electricity through Consumers Energy. With 3.8 peak sun hours per day, solar panels can significantly reduce your energy costs.

$140
Avg Monthly Bill
18.2¢/kWh
Electricity Rate
3.8h/day
Peak Sun Hours
$44,942
Est. 25-Year Savings

Calculate Your Savings in Grand Rapids

Adjust Your Details for Grand Rapids, MI

$
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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
$1,680
Payback Period
8.1 years
25-Year Savings
$44,942
Return on Investment
331%

* Estimates based on 3.8 peak sun hours/day in Grand Rapids, MI, 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.

Local Solar Details for Grand Rapids

Utility & Permits

Utility Company
Consumers Energy
Permit Cost
$350
Permit Timeline
2-4 weeks
Net Metering
full

System Estimates

Recommended Size
6.8 kW
Panel Count
17 panels
Gross Cost
$19,380
Net Cost (after credits)
$13,566

Available Incentives for Grand Rapids, MI

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

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