18 Best Solar Companies in Addison, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Addison

Even though solar panels can help save you a good amount of money on energy over time, it's important to take into consideration the upfront costs. Some significant things that affect the cost and possible savings include:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Addison doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which influences how much your electricity bills will be.
• Electricity consumption: The average household in Addison uses a decent amount of, and consequently may save on their energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $15,000 over the first 20 years with your system, too.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Addison

If you're thinking about making the switch to solar power, a variety of government incentives and state programs can drastically reduce the installation costs and expedite the return on your investment. State and city solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Addison

Many want to do what they can to help the planet, which in many cases is the chief motivation to install solar panels. You may be wondering — how much does making the switch help the planet anyway? In a city like Addison where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from being on the road a lot. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 100 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.