Cost & Savings Breakdown
Based on $150/month electric bill in Grand Rapids
System Size
6.5 kW
Annual Production
7,766 kWh
Gross System Cost
$20,109
Federal Tax Credit (30%)
-$6,033
State Incentive
-$500
Net Cost
$13,576
Monthly Savings
$122
CO₂ Offset/yr
7,145 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityConsumers Energy
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity Limit150% of annual consumption
Electricity Rate$0.188/kWh
Peak Sun Hours4.1 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$500
Michigan State Incentive — Michigan offers a property tax exemption for solar installations.
Common Questions
How much does solar cost in Grand Rapids?
Solar in Grand Rapids, Michigan costs approximately $20,109 for a 6.5 kW system. After the 30% federal tax credit, your net cost is about $13,576.
What is the solar payback period in Grand Rapids?
The estimated payback period for solar in Grand Rapids is 9.3 years, based on a $150/month electric bill and local sun hours of 4.1 hrs/day.
Does Consumers Energy offer net metering?
Consumers Energy offers Full Retail net metering. Full retail rate.