Solar Panels In Michigan Worth It

While solar leases and power purchase.

Solar panels in michigan worth it. The average cost of a solar panel installation in michigan ranges from 13 472 to 18 228. On top of the green that will stay in your pocket your system will mean green for the environment too. On a cost per watt w basis a solar panel installation in michigan ranges in price from 2 69 to 3 65. 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.

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. Also michigan does not receive as much sunshine as other states so a solar system here will produce less than a system in a sunnier state like arizona. However that initial cost has held a lot of people back from taking the. They re already sold on the environmental benefits the ease of use and plenty of other factors.

The disadvantage of installing solar panels in michigan is that there is very little in the way of state and utility based incentives. Although there are sunnier states than michigan the average electricity price is around 0 14 kwh which is above the national average. The state does not offer any property or sales tax. Keep in mind the numbers above are based on an average home in michigan.

Are solar panels worth it in 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. This analysis is for a 5 kw photo voltaic system exposed to the average sunlight conditions of michigan. One of the biggest concerns that potential buyers wonder is whether the residential solar panel cost will pay off in the long run.

Michigan has a chance to be a great state for home solar power but. The answer depends on many factors including where you live how much roof space you have if your roof is shaded how much power you use what your local utility charges you for electricity and the prices offered by. The consensus on michigan solar power rebates and incentives. 91 trees worth every year.

Currently michigan residents pay an average of 0 14 kwh for electricity which is above the national average. If you live in an area with high energy rates and a suitable solar rating and can afford the initial investment it s worth installing solar panels in your home while the 26 tax break is in. The average cost to install a system of solar panels is anywhere from 15 000 to 25 000 per the center for sustainable energy. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value.