Financial Calculations

HOW EXPENSIVE IS SOLAR?

The total cost of a solar system is less than most new cars, but its usually less per month than your electric bill

DOES SOLAR SAVE MONEY?

Yes, solar can save a ton of money! We designed our own calculator to give the most accurate projections!

CAN SOLAR BE FINANCED?

Your local bank may finance solar, and we have lenders available too!

HOW EXPENSIVE IS SOLAR?

That really depends who you ask.  DTE Solar and Electric does not outsource and is able to provide installations WAY less than our competitors!  Don’t take my word for it, get some estimates.  Recently, we priced a system with 40 panels for a client.  They showed us a bid from a “competitor” for twice as much…

Solar electricity is the cheapest energy to produce.  When you buy a system its a little like buying in bulk at the warehouse stores.  You get a lower price per unit.  Buying electricity like you do now probably cost between $.09 and $.13 per kWh.  A solar power system breaks down to costing about $.03 per kWh. The upfront cost is usually 1/4 of what you can save over the lifetime of the system!  

Don’t forget the 30% Federal Tax Credit!

DOES SOLAR POWER SAVE MONEY?

Yes, absolutely, almost always.  There are some instances where a solar power system on your property is not feasible.  The exciting new approach with community solar can solve that.  But, since the energy is so much cheaper to produce with solar, and theres no middleman to buy it from, using a solar power system will always be less expensive than just buying electricity from the retail providers.

We have designed our own financial projections calculator.  In using some of the comemrcially available solar programs, we noticed the numbers for savings did not make sense.  By developing our own program, we are able to confidently project an accurate financial report.  DTE Solar and Electric designs, sources, and installs the project completely in house, so we’re able to charge much less money!  The actual cost varies for every project, but our goal is to save money immediately by using solar energy!

Can a solar power system be financed?

Yes, absolutely.  We have financiers who specialize in solar loans.  Also, your local bank may finance solar power.