18 Best Solar Companies in Lyon, MI (Jan 2023 Review)

The Cost and Benefits of Solar in Lyon

We know that for lots of homeowners, the choice to invest in solar depends on installation costs. There are several factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Your power bills: This will influence your savings. In Lyon, the average homeowner can save about $1,000 a year on their electricity bills.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $15,000 on your utility bills over 20 years without incentives.
• Your energy consumption: If your family uses a lot of energy, you'll reap more rewards from switching to solar.

So is a solar system worth it? Whether you're trying to reduce your electric bills, greenhouse gas emissions or both, solar panels are a good investment for many Lyon homeowners.

Solar Incentives in Lyon

There are several reasons why adopting solar power is beneficial. One of them involves some government incentives that can help save you some money. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Lyon

One of the most compelling reasons to adopt solar energy is to minimize your dependence on traditional energy sources like burning fossil fuels, which are harmful for the environment. You may be asking yourself — how much does making the switch help the environment anyway? The more energy your household uses, the better off the planet will be if you switch to solar since you won't need to burn as many fossil fuels. In Lyon, the average resident can reduce their carbon footprint by 100 pounds a year after going solar. For those who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.