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

The Cost and Benefits of Solar in Oxford

The cost of installing a solar panel system has gone down significantly in the past few years, but it's still a substantial investment for most homeowners. Some significant things that affect the cost and possible savings include:

• The model of solar panels you want: More efficient panels have higher prices, so that will affect your budget for your solar project.
• How much electricity your household consumes: Homes that use lots of power each month may require more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can generate an average of $16,000 of savings over 20 years.
• Your energy bills: This will determine how much money you might save. In Oxford, the average homeowner can save about $1,000 a year on their electricity bills.

There are several great benefits of solar despite the upfront cost of installation. It can help the Earth and your finances. Additionally, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Oxford

There are lots of reasons why you should switch to solar. One of them consists of some government incentives that can help save you some money. There are quite a few federal, state and local rebates and tax credits that earn anywhere from 30% to 50% of your money in return after installing a qualifying system. For comprehensive information about incentives for homeowners in Oxford, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Oxford

Making the switch to solar power is a powerful way to do what you can for a more environmentally-friendly future. But — how much exactly can you help the environment by going solar? The more power you use, the the more the environment will benefit from you switching to solar as you won't have to rely on traditional energy sources as much. Even though making solar panels emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Oxford, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you want to do your part for the environment, you'll likely find that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.