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

The Cost and Benefits of Solar in Bloomfield

For many people considering switching to solar, the decision of which solar installer to go with comes down to pricing. Some significant things that impact the cost and possible savings include:

• Energy consumption: Installing solar panels may be too pricey an investment for families that don't use too much energy each month.
• Your power bills: This will affect your savings. In Bloomfield, the average resident can save about $1,000 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Additionally, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.

So is installing solar panels worth it? Whether you want to decrease your electric bills, carbon dioxide emissions or both, solar panels are a solid investment for many Bloomfield homeowners.

Solar Incentives in Bloomfield

Adopting solar power has many considerable benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. These incentives typically include cash rebates, tax benefits and/or solar renewable energy credits. They can reduce the cost you pay for installing solar panels by 30%, upwards of 50% depending on your location. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Bloomfield

One reason so many people are considering adopting solar energy is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bloomfield, though. Your energy usage is an important factor to consider. The more electricity your home uses, the larger your impact when you make the switch to solar power. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. As you can see, going solar has so many other rewards beyond saving money. One of the primary ones is that you can help save the planet too.