Residential Solar Systems Michigan

The 26 percent tax credit lasts until the end of 2020 in 2021 the tax credit amount steps down to 22 percent.

Residential solar systems michigan.

The below results are based strictly on customer satisfaction. As of sep 2020 the average cost of solar panels in michigan is 2 66 per watt making a typical 6000 watt 6 kw solar system 11 797 after claiming the 26 federal solar tax credit now available. Installing residential solar panels on your michigan home not only adds value to your property and lowers your monthly energy bills it protects the michigan environment and supports much needed jobs directly in the local economy. Michigan solar tax credits and incentive programs the federal investment tax credit.

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. The installed cost of a 5kw solar system is around 20 000. 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.

We are one of the few companies that have a full time service department monitoring our customer s solar arrays via the internet. Solarreviews top 10 residential installers in michigan. The federal itc is eliminated for residential solar installations after 2021 but commercial solar energy system owners can still deduct 10 percent of a commercial solar system cost from their taxes in 2022 and beyond. Michigan solar solutions is the leading provider of residential solar installation for homeowners throughout michigan schedule a consultation today.

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 data michigan 2020 updated. This list is continuously updated as new reviews come in. The costs and savings for a 5 kw pv system in michigan can be broken down as follows.

We applaud these companies and the contributions that they are making to the solar industry. Michigan solar solutions mss designs and installs commercial residential municipal non profit and educational solar arrays across the state.