Are Solar Panels Worth It In Michigan

Currently michigan residents pay an average of 0 14 kwh for electricity which is above the national average.

Are solar panels worth it in michigan.

Is solar worth it in michigan. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Although there are sunnier states than michigan the average electricity price is around 0 14 kwh which is above the national average. Solar panels are a worthwhile expense in michigan already but they re likely to gain even more value over time as the cost of traditional energy sources continue to increase throughout the state.

Michigan solar tax credits and incentive programs the federal investment tax credit. While solar leases and power purchase. Michigan has a chance to be a great state for home solar power but. 91 trees worth every year.

The consensus on michigan solar power rebates and incentives. How are you financing your solar panel system. Are solar panels worth it in michigan. 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.

On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65. They re already sold on the environmental benefits the ease of use and plenty of other factors. However that initial cost has held a lot of people back from taking the. Keep in mind the numbers above are based on an average home in michigan.

If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. Following the national extension of the solar investment tax credit itc through 2021 it has never been a better time to go solar. On top of the green that will stay in your pocket your system will mean green for the environment too. The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228.

This analysis is for a 5 kw photo voltaic system exposed to the average sunlight conditions of michigan. This makes solar power a sound investment because every unit of energy produced is worth more than the average price of electricity in the us.