How long do solar panels last? What do I need to know to install? How much will it cost me?
A lot of questions may be on your mind if you’re thinking of using solar panels in Michigan. In this article, we’ll answer all of these questions and give you the information that you need.
If you’re ready to take action to help protect our planet while saving money, keep reading to find out more.
Benefits of Solar Panels in Michigan
Solar power works by turning sunlight into electricity, which can then be used to power your home or business. Using solar panels can save you money on your energy bills. It is a great way to reduce your carbon footprint and help the environment.
It provides a great source of backup power in case of a power outage. These panels significantly reduce your energy costs, but may take a few years to see your return on investment. They are low maintenance and have a lifespan of 25-30 years.
Installation Process
In Michigan, the installation process for solar panels is relatively simple and straightforward.
A site assessment is conducted to determine the feasibility at a specific location. Next, the necessary permits and approvals are obtained from the local authorities.
Once all the paperwork is in order, the actual installation of the panels can begin. The whole process usually takes around 2-3 months to complete.
It requires utilities to generate at least 10% of their electricity from renewable sources by 2015. This means that installing solar panels can help Michigan meet its renewable energy targets.
However, you need to obtain a permit from your local municipality in order to install solar panels. Ask for a quotation from Blue Raven Solar company now!
Tax Incentives
It is important to be aware of the state’s tax incentives. Michigan offers a tax credit of up to $1000 for the installation of solar panels. This credit is available for both commercial and residential solar systems.
Michigan is a “net metering” state, this means you can sell any excess electricity back to the utility company. It has great incentives for installing solar, including a 30% federal tax credit and a state rebate of up to $2000.
In addition, the state also offers a property tax exemption for the value of solar panels. This is available for up to 20 years.
Cost of Solar Panels
State and federal solar incentives used to make solar installations in Michigan very lucrative, but those incentives have mostly expired. The state offers many incentives for homeowners who install solar panels.
As of late 2019, the average price of solar panels in Michigan is $3.05 per watt. The price of a 5 kilowatt (kW) system falls in the range of $15,250 – $17,500 before any solar incentives.
Solar panel prices are dropping rapidly, so it’s worth checking the latest prices in your area. Michigan has some of the highest energy costs in the Midwest, so installing solar panels can help offset those costs.
Guidelines in Solar Panel Installation
Do not forget to get a permit from your local municipality. Your installer must be licensed by the Michigan Electrical Board. Your system needs to be qualified before it’s connected to the grid.
Now that you know the basics, you’re ready to start shopping for your new solar panels in Michigan!
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