Michigan Solar Panel Free

Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.

Michigan solar panel free.

Michigan solar tax credits and incentive programs the federal investment tax credit. We are one of the few companies that have a full time service department monitoring our customer s solar arrays via the internet. 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. Solar panel cost in michigan.

A renewables portfolio standard rps requires utilities in the state to eventually source at least a certain percentage of their electricity from clean renewable sources like solar panels. 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. The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228. Michigan homeowners who add solar panels may be able to take advantage of the current 26 federal solar 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. Helping you save money and the planet. The installed cost of a 5kw solar system is around 20 000. The average cost for an installed residential solar system in michigan is currently 11 797 after claiming the 26 federal solar tax credit.

The costs and savings for a 5 kw pv system in michigan can be broken down as follows. Michigan solar solutions mss designs and installs commercial residential municipal non profit and educational solar arrays across the state. This is 2 66 per watt. 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.

On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65. Michigan launches no upfront cost solar program for middle class homeowners michigan is one of the best states in the country if you want to go solar but only if you re rich enough. Michigan solar panel installation service. Michigan solar solutions is the highest rated solar installer in the state with an a rating from the better business bureau bbb and a 5 star google rating.

However the federal tax credit allows you to recover 30 of the investment as a tax credit so the net outlay is reduced to 14 000.