16 Best Solar Companies in Richfield, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Richfield

When picking a solar company, most homeowners or business owners care about the costs the most. Some significant things that affect the upfront cost and potential savings over time include:

• Average daily sunlight: Since Richfield 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 electricity bills will be.
• Incentives: One thing that can make your solar project cost less 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 on your energy bills, which can lead to an average of $18,000 of savings over 20 years.
• How much energy costs for you: The typical household in Richfield spends around $1,200 a year on home energy use alone, so you could be looking at that much in savings.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

As a result of the cost of solar panels being lower than before as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Richfield

One of the great things about installing a solar panel system is earning federal and potentially state incentives. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can use to further save. Our article on solar incentives goes over more information on the incentives you can take advantage of in Richfield.

Environmental Impact of Switching to Solar in Richfield

There are a few important reasons why homeowners want to invest in solar energy: to put more money in their bank account and to help the planet. A question many homeowners might be thinking about is how much can they really help the environment by switching to solar power anyway? If your home consumes lots of energy, you can impact the environment even more by switching to solar power. In Richfield, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. If you care about the environment, you'll likely understand that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.