Michigan Solar Panels Incentives

Renewable energy has been central to this reinvention and even general motors and ford have adopted solar energy.

Michigan solar panels incentives.

Solar panel cost data michigan 2020 updated. The consensus on michigan solar power rebates and incentives michigan has a chance to be a great state for home solar power but without net metering it just can t be. Michigan has lots of sunshine and laws that are favorable for solar power and renewable energy. 8am to 5pm pst.

As of sep 2020 the average cost of solar panels in michigan is 2 66 per watt making a typical 6000 watt 6 kw solar system 11 797 after claiming the 26 federal solar tax credit now available. Michigan solar tax credits and incentive programs the federal investment tax credit. With more than 12 years of experience the team is familiar with the best opportunities for grants affordable loans tax breaks and other money saving opportunities including those from top manufacturers and government agencies. The great lakes state receives an average of 4 peak sun hours per day though improving solar technology and beneficial tax credits continue to make solar a viable option for homeowners in.

This awesome credit cuts the cost of your overall solar installation by 26 percent making solar pv a more affordable and appealing energy source than fossil fuels. This is higher than the average price of residential solar power systems across the united states which is currently 2 60 per watt. The main incentive for going solar in michigan is the state s favorable net metering policy which requires utilities to give you full credit for any surplus energy your pv system produces. Under the res all of michigan s utilities must source at least 10 percent of their energy from renewable sources by 2015.

In 2008 michigan passed its renewable energy standards res. Maybe the lawmakers in lansing will come to their senses soon and get net metering back as the law of the land but until then we d recommend extreme caution before proceeding with an investment in home solar in michigan. Following the national extension of the solar investment tax credit itc through 2021 it has never been a better time to go solar. Despite there being little in terms of state based incentives investing in solar in michigan can still be profitable.

Michigan solar power overview. Thanks to net metering and the federal tax credit homeowners who switch to this form of renewable energy save big on their electricity bills and drastically reduce their carbon footprint. Aside from the power output of the solar equipment you choose to install the amount of energy you generate with solar panels in michigan is directly related to the amount of sunlight that hits your panels. In addition the federal government offers a 30 tax credit for the whole installed cost of your system that s a huge benefit available to you no matter where you live in the us.

6am to 6pm and sat. The green panel is a top solar panel installation company in michigan that can also help to connect customers with relevant financing opportunities and incentives.