16 Best Solar Companies in South Lyon, MI (Sep 2022 Review)

The Cost and Benefits of Solar in South Lyon

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your system. Some important factors that affect the cost of installing a solar panel system on your home and how much it could save you over time are:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Your home's power bills: Due to fairly high monthly power bills in South Lyon, you could save about $1,000 a year with solar.
• The amount of sunlight your roof gets: Thanks to South Lyon's relatively low amount of average daily sunlight, you might not see as many savings on your electric bills.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Thanks to solar panels now being cheaper than ever as well as various solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in South Lyon

Because solar power is more sustainable than fossil fuels, there are various government incentives in place to encourage its adoption. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. The table below tells you about the incentives you can take advantage of in South Lyon.

Environmental Impact of Switching to Solar in South Lyon

Installing solar panels is a compelling way to do your part for a more sustainable future. But you may be wondering — how much exactly can you help the environment by making the switch to solar? In a city like South Lyon where energy use is rather high, switching to solar energy is a fantastic plan for homeowners who are worried about the state of the planet. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. As you can see, investing in solar has so many other perks beyond saving money. One of the most important ones is that you can help save the planet too.