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

The Cost and Benefits of Solar in Salem

Even though solar panels can help save you a decent chunk of change on utility bills over time, it's necessary to know the upfront costs. A few important factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Your current power bills: Solar panels can dramatically lower, or entirely eradicate, your utility bills. In Salem, you can save an average of $84 a month.
• How much energy your household consumes: Homes that need a lot of power each month may need more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.
• 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.

There are lots of good benefits of solar in spite of the initial cost of installation. It can help the planet and your bank account. In addition, it can raise the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Salem

There are many good reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. On top of the federal solar investment tax credit, there are also some state- and city-level benefits, which in almost all cases, stack with the federal incentive, so you can save even more. For detailed information about incentives for homeowners in Salem, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Salem

Many want to do their part to help save the environment, which in many cases is the main reason for installing a solar system. A question many might have in mind is how much can they really help preserve the environment by switching to solar power anyway? The amount of energy you use is a significant factor to keep in mind. The more energy you use, the greater your impact when you switch to solar energy. In Salem, the average homeowner can reduce their carbon footprint by 100 pounds a year once they go solar. If you want to do what you can for the environment, you'll no doubt understand that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.