Michigan Solar Panel Incentives

On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65.

Michigan solar panel incentives.

Michigan solar tax credits and incentive programs the federal investment tax credit. Helping you save money and the planet. Michigan ranks thirty second in the nation for solar capacity but installations were up by 33 in 2014. That number is pretty huge for a 0 down investment so you can rest easy with a ppa in michigan knowing you re doing right for your pocketbook at the same time as you re doing right by the planet.

The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228. 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. Solar prices near you mi incentives mi home solar summary best solar panel brands best installers near you is solar worth it in mi solar panel cost in michigan the average cost for an installed residential solar system in michigan is currently 11 797 after claiming the 26 federal solar tax credit. The green panel is a full service solar panel company that quotes engineers and installs solar photovoltaic pv and solar thermal systems all across michigan.

Michigan is lacking in terms of rebates and tax credits for solar power but the 30 federal tax credit compensates this. Michigan has lots of sunshine and laws that are favorable for solar power and renewable energy. Following the national extension of the solar investment tax credit itc through 2021 it has never been a better time to go solar. 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.

We use a 6 return to evaluate all solar investments and michigan s 2 153 npv on a solar ppa means you d be that much better off investing your money in solar over 25 years than in say stocks. Michigan solar panel installation service. 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. We are committed to helping your family or business go green.

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. Michigan also has substantial natural gas reserves and this fossil fuel accounts for more energy usage than any other single source. Especially when used in combination with the 30 federal solar tax credit the incentives listed below can significantly reduce the cost of installation of solar panels for your home or business.