13 Best Solar Companies in Allen Park, MI (2023 Reviews)

The Cost and Benefits of Solar in Allen Park

For the majority of homeowners, whether or not to invest in solar energy boils down to the cost. The overall price and potential savings vary depending on some important factors such as:

• The amount of sunlight your area gets: Because of Allen Park's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• How much energy costs for you: If your local power rates are quite high, there's a good chance you'll end up with a higher return on your investment in solar panels. In Allen Park, you can save an average of $84 a month on your electricity bills.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years not including incentives.
• The type and model of solar panels you're planning on getting: More high-tech panels cost more, so that will determine your budget for your solar project.

There are many great benefits of solar even with the upfront cost of installation. It can help the Earth and your wallet. In addition, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Allen Park

Although solar power is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over the lifespan of your solar panels due to smaller energy bills and government incentives. These incentives typically consist of cash rebates, tax credits and/or solar renewable energy credits. They can cut the cost of going solar by 30%, upwards of 50% depending on where you live. For comprehensive information about incentives for homeowners in Allen Park, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Allen Park

Lots of people want to do what they can to help save the environment, which for many is the main reason for installing a solar system. But how much can switching to solar actually help the environment? The more power you use, the the more the environment will benefit if you switch to solar since you won't have to burn as many fossil fuels. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Allen Park, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you want to do your part for the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is invaluable.