Residential Solar Power Michigan

Given this environment and the effect of import tariffs placed on solar panels by the trump administration during 2018 it is hard to see that solar power system prices in michigan will fall during 2020.

Residential solar power michigan.

Since most residential solar generation systems only generate about 25 50 of the total power used by a household there wouldn t be any power being sold back to the power companies. Michigan is the 15th best in the country for return on investment of a residential solar array. 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. To illustrate how high electricity prices are beneficial for residential solar power let s compare the savings offered by 5000 kwh of solar power in michigan with those obtained from the same amount of energy in a state where the electricity price is 0 10 kwh.

It is because the cost of our power is so high. Will residential solar power system cost fall in michigan in 2020. Correct me if i m wrong here but isn t michigan s proposed buy back of 65 kwh for unused solar power a mute point. 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.

Benefits of solar power in michigan michigan homeowners who add solar panels may be able to take advantage of the current 26 federal solar tax credit. The program for homeowners offers loans ranging up to 40 000 with terms of up to 120 months and a maximum apr of 7. 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. Michigan saves is a nonprofit loan program for homeowners and business owners who need help financing the installation of a solar power unit.

We are one of the few companies that have a full time service department monitoring our customer s solar arrays via the internet. Michigan solar solutions mss designs and installs commercial residential municipal non profit and educational solar arrays across the state. Additionally some michigan utility companies offer net metering which allows solar customers to receive a 1 to 1 credit for excess energy their solar power systems send back to the grid. Michigan solar tax credits and incentive programs the federal investment tax credit.

Following the national extension of the solar investment tax credit itc through 2021 it has never been a better time to go solar.