Solar Power Programs Michigan

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.

Solar power programs michigan.

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. Federal investment tax credit. Just a few years ago michigan had a real strong statewide solar power rebate program. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.

But that program has gone the way of the dodo and with the rps goals still at a low 10 utilities lack the incentives they need to keep offering you incentives for solar power. Energy rates in the state are slightly above the national average which means more savings for every kilowatt hour you don t purchase from local utilities. States for solar irradiance michigan mostly lies farther south than germany where solar power is heavily deployed. Michigan solar power overview despite there being little in terms of state based incentives investing in solar in michigan can still be profitable.

Solar power in michigan has been growing in recent years due to new technological improvements falling solar prices and a variety of regulatory actions and financial incentives particularly a 30 federal tax credit available for any size project. 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. Municipal utilities and electric co ops can offer community solar programs for their members now. Although among the lowest u s.

Following the national extension of the solar investment tax credit itc through 2021 it has never been a better time to go solar. Michigan solar tax credits and incentive programs the federal investment tax credit. With the solar investment tax credit you can reclaim about 26 percent of the purchase and installation cost of your solar power system as a federal tax credit. Check your savings costs tax breaks incentives and rebates.

Homeowners in michigan have an opportunity to save plenty of money by going solar. 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. Now the effects of the expiration of the rps law can start to be seen.