Solar Savings Calculator for Sterling Heights, MI
Homeowners in Sterling Heights pay an average of $145/month for electricity through DTE Energy. With 3.7 peak sun hours per day, solar panels can significantly reduce your energy costs.
$145
Avg Monthly Bill
18.8¢/kWh
Electricity Rate
3.7h/day
Peak Sun Hours
$46,233
Est. 25-Year Savings
Calculate Your Savings in Sterling Heights
Adjust Your Details for Sterling Heights, MI
$
$50$1,000
50010,000
5¢50¢
Your Estimated Solar Savings
System Size
7.2 kW
Panel Count
18 panels
Total System Cost
$20,520
Federal Tax Credit (30%)
-$6,156
Net Cost
$14,364
Annual Savings
$1,740
Payback Period
8.3 years
25-Year Savings
$46,233
Return on Investment
322%
* Estimates based on 3.7 peak sun hours/day in Sterling Heights, 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 Sterling Heights
Utility & Permits
- Utility Company
- DTE Energy
- Permit Cost
- $350
- Permit Timeline
- 2-4 weeks
- Net Metering
- full
System Estimates
- Recommended Size
- 7.2 kW
- Panel Count
- 18 panels
- Gross Cost
- $20,520
- Net Cost (after credits)
- $14,364
Available Incentives for Sterling Heights, 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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