Cost of solar in Lansing, MI

Electricity Consumption in Lansing

Electricity Consumption by Michigan residents averages 688 kWh per month. It ranks #36 in the nation for savings from installing solar panels on the home.

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Solar power in Lansing, Michigan

Consumer Energy offers their Lansing customers net metering. Consumer Energy will pay its solar customers for any excess electricity their solar systems generate at the avoided cost rate of electricity. The avoided cost rate is less than the retail rate of electricity, but it is still extra money in your pocket that you can apply to your electric bill. 

Lansing residents can also take advantage of the federal solar tax credit. The tax credit is equal to 30% of the cost of a solar system and is applied to your federal income taxes. In some cases, you may be able to wipe out your entire tax bill for a year! The combination of the federal tax credit and Consumer Energy’s net metering program can provide you with a great return on investment on a solar system installation in Michigan! 

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Michigan

The average cost of installing residential solar panels in Lansing, Michigan in 2019 is $3.45 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Lansing, MI is $17,250. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 7.98kW solar system in Lansing, MI

This system would offset 100% of your energy usage if your typical monthly bill is $108, however your situation may vary so try our solar calculator to get a result tailored to you.

$18,043

Net cost of system
Cash - after 30% solar tax credit

11 Years

Average payback time

9,062
kWh

Annual power production


/kWh

levilized cost of solar energy

25¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 7.98kW system

Life-time savings on this system over the next 25 years

$31,532

(Prices shown after repayments of capital)

 


 

Solar companies in Lansing, MI that provide pricing through the Solar-Estimate marketplace

2

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Michigan

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $7,938 $8,573
4kw $10,276 $11,098
5kw $12,460 $13,457
6kw $14,490 $15,649
7kw $16,366 $17,675
8kw $18,088 $19,535
9kw $19,656 $21,228
10kw $21,070 $22,756

 

Design your own solar panel system for your home

Going solar in Michigan

Check out all of the ways energy providers of Michigan can help you be more energy efficient and save money.

The following programs are available:
Incentive Name Eligibility Type
Residential Renewable Energy Tax Credit Federal Personal Tax Credit
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.