17 Best Solar Companies in Hazel Park, MI (Sep 2022 Review)

The Cost and Benefits of Solar in Hazel Park

While solar panels can help save you a good amount of money on energy over time, it's necessary to know the upfront costs. The overall price and potential savings vary depending on a few important factors such as:

• Average daily sunlight: Since Hazel Park doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can give you an average of $15,000 of savings over 20 years.
• Typical energy usage: The more electricity your home consumes on average and the steeper your current electricity bills are, the more benefits you'll see from going solar.
• Your income and budget: This shapes what kind of solar panels you can get.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in Hazel Park

If you're considering making the switch to solar energy, several government incentives and tax credits can immensely reduce the cost of the project and speed up the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local incentives. The table below shows you the incentives you can take advantage of in Hazel Park.

Environmental Impact of Switching to Solar in Hazel Park

If you're thinking of adding solar panels to your home, one of the major reasons why may be to reduce your carbon footprint. But — how much exactly can you help the planet by making the switch to solar? In a place like Hazel Park where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of driving. In fact, if you install solar panels, you could lower your carbon dioxide emissions by about 100 pounds each year. If you care about the environment, you'll likely recognize that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.