Solar Savings Calculator for Lansing, MI
Homeowners in Lansing pay an average of $138/month for electricity through Lansing Board of Water & Light. With 3.8 peak sun hours per day, solar panels can significantly reduce your energy costs.
$138
Avg Monthly Bill
18¢/kWh
Electricity Rate
3.8h/day
Peak Sun Hours
$44,106
Est. 25-Year Savings
Calculate Your Savings in Lansing
Adjust Your Details for Lansing, MI
$
$50$1,000
50010,000
5¢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
$1,656
Payback Period
8.2 years
25-Year Savings
$44,106
Return on Investment
325%
* Estimates based on 3.8 peak sun hours/day in Lansing, 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 Lansing
Utility & Permits
- Utility Company
- Lansing Board of Water & Light
- Permit Cost
- $325
- 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 Lansing, 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.
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