15 Best Solar Companies in Marysville, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Marysville

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to install your panels. There are several factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• Your power bills: This will determine your savings. In Marysville, the average resident can save about $1,000 a year on their electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to reduce 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. In addition, you can save about $16,000 over 20 years on your utility bills, not including incentives.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Energy consumption: Solar may be an expensive option for families that don't consume a lot of energy per month.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Marysville

If you're thinking about switching to solar energy, several government incentives and solar rebates can greatly lower the cost of the project and speed up the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. For more information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Marysville

There are many reasons to trade traditional energy for solar energy, like saving on electricity bills and helping to lower your carbon footprint. But you may be wondering — how much exactly can you help the environment by making the switch to solar? A significant thing to think about is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so switching to solar power for your home can help offset that. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. Since solar power is abundant and generates electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help preserve the environment.