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Loretto, Michigan

Solar Installation in Loretto: Go Solar for $0 Down

Thinking about going solar in Loretto? Quote For Solar got you covered: Learn about whether solar is worth it in Loretto, savings, installation cost and get 3 quotes from our trusted partners in just days.
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Is Going Solar a Good Idea?

At Quote For Solar, we believe that going solar is the way to move forward. By going solar you contribute to creating a more sustainable future, while potentially saving thousands of dollars on your next energy bill.

Quote For Solar connects you with pre-screened solar installers in Loretto and you will receive a solar quote in just days completely free of charge.

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Solar Benefits at One Glance

Continue reading this page to get an in-depth overview of why we think that solar is a good idea in Loretto, but here we list you the top 4 reasons to install solar panels:

You Save Money

The cost of solar panels continues to drop and today, solar power is a very affordable source of electricity. According to our data, installing 12 kW solar panels slashes your next energy bill by up to $2,974 in Loretto.

You Become Energy Independent

On average, U.S. electricity consumers experience 7 hours of power interruption per year. With solar power, you produce your own electricity and become energy independent.

Your Home Value Increases

Solar power is a good investment if you ever consider selling your property. On average, a solar system can increase your home value by 4.1%

Create a Better Future

One kWh of solar energy saves 0.846 lbs of carbon emissions. A standard 10 kWh system saves the equivalent of the weight of 49 F-150 pickup trucks throughout its lifetime.

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Are Solar Panels Worth It in Loretto?

Depending on which solar installation size you install, you save anywhere between $1,983 - $4,957 on your next yearly energy bill. Our calculation takes the average electricity cost in Loretto into account and compares it to the typical solar system output measured in kWh.

Check our savings table to see how much you can save:

System SizeAverage
Yearly Output
Potential
Yearly Savings
8 kW
10,603 kWh
$ 1,983
12 kW
15,905 kWh
$ 2,974
16 kW
21,207 kWh
$ 3,966
20 kW
26,509 kWh
$ 4,957
Avg. Monthly Power Production:
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How Much Do Solar Panels Cost in Loretto?

For Loretto, prices range from $2.12/W to $3.54/W in the nearest locations with available data. For a typical solar installation of 8 kW, you can therefore expect to pay between $16,960 and $28,320 before public incentives. Including public incentives — in 2024 the federal tax incentive is 30% — the average net solar panel cost is between $11,872 and $19,824.

Request a quote from Quote For Solar and we match you with 3 competitive offers from pre-screened solar installers!


$30,000 $20,000 $10,000 $0
Good price Average price Expensive price

About the diagram: The diagram shows the average price for an 8kW solar installation in Loretto after the 30% federal tax incentive deduction. Get 3 free quotes from Quote For Solar and potentially save up to $3,752 compared to the average solar installation cost in Loretto ("Good price").
*Forecasted electricity price development is based on historical inflation rates.


Here Are 5 Highly-Rated Solar Installers for Loretto:

NameAddress
Peterson Electric Services
615 Main St, Norway, MI 49870
Forslund Building Supply
109 U.S. Rte 2, Norway, MI 49870
The Home Depot
Home Depot, W8141 Highway, W8141 U.S. Rte 2, Iron Mountain, MI 49801
O'Reilly Auto Parts
1907 S Stephenson Ave, Iron Mountain, MI 49801
Tractor Supply Co.
1860 S Stephenson Ave, Iron Mountain, MI 49801
* (Be aware that these numbers represent the average solar panel cost in Loretto and may be different from your home due to numerous factors such as roof size and roof angle.)

Other Reasons Why Loretto is a Great Place for Solar

There are many unique features, that make Loretto an excellent place for going solar.
2489

Sun Hours / Year in Loretto

Loretto enjoys 2489 sun hours per year, providing ample sunlight for maximizing solar energy production.

25th

National Solar Ranking

Despite being 25th in the national solar ranking, Loretto still offers numerous advantages for solar energy.

53%

Price Drop / last 10 Years

Over the past decade, the cost of solar energy in Michigan has witnessed a significant drop of 53%.

0.98%

of Michigan's Electricity comes from Solar

While solar energy currently accounts for only 0.98% of Michigan's electricity production, Loretto is actively working towards increasing its solar capacity.

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Frequently Asked Questions About Solar Installations in Loretto

Are There Solar Incentives For Loretto?

Yes, there are various country-wide and state-specific incentives for going solar. For Loretto, the federal tax incentive amounts to up to 30%.

Do Solar Panels Work in Loretto During Winter?

Yes, solar panels do work in Loretto during winter but you will typically see less output than in the warmer months. Our partners will help you to find the right system size for the whole year.

Does Loretto Have Net Metering?

Yes, Loretto has net metering. That means that you will be to sell your solar power to the public grid.
On average, our customers have their solar installation completed in 6 to 8 weeks after they have been contacted by our partners.
That depends on your financial situation. Generally speaking, there are several finance options for solar panels in Loretto and sometimes you can finance your solar system even without any down payment. Read our blog post for more information.
Why You Should Choose Quote For Solar

Get 3 Quotes From Reviewed Solar Installers Fast!

For homeowners wishing to install solar energy on their properties, Quote For Solar is the ideal service.

Quote For Solar offers a free and easy single inquiry format for homeowners to obtain multiple offers from local solar companies for their installation needs.

Solar Companies will compete with each other to win your business, which can increase your savings. In addition, you are assured of receiving quotes only from trustworthy and dependable partners with a proven track record.

Ready to go solar? Get your solar quotes now and receive a better deal!

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