16 Best Solar Companies in Bloomfield Hills, MI (2023 Reviews)

The Cost and Benefits of Solar in Bloomfield Hills

For many people considering switching to solar, the decision of which solar company to hire comes down to pricing. Some key things that affect how much it will cost and how much you could save include:

• Your household's power bills: Because of fairly high monthly power bills in Bloomfield Hills, you could save about $1,000 a year with solar.
• Electricity consumption: The average home in Bloomfield Hills uses a decent amount of, and as a result may save on their energy bills.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. Plus, you can save about $15,000 over 20 years on your utility bills, without incentives.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your energy consumption.

Solar Incentives in Bloomfield Hills

There are a lot of reasons why going solar is a great investment. One of them involves some government incentives you can take advantage of. These incentives mostly include cash rebates, tax breaks and/or solar renewable energy credits. They can cut the cost you pay for installing solar panels by 30%, upwards of 50% depending on your location. For comprehensive information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Bloomfield Hills

One of the most compelling reasons to use solar power is to decrease your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bloomfield Hills, though. The more energy your household uses, the the more the environment will benefit from you switching to solar since you won't have to rely on traditional energy sources as much. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.