10 Best Solar Companies in South Lyon, MI (Aug 2022 Review)

The Cost and Benefits of Solar in South Lyon

For many people, the decision of which solar installer to hire comes down to how much it'll cost. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Average daily sunlight: Since South Lyon 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 you can save on your energy bills.
• Your energy consumption: If your household regularly uses a lot of energy, you'll benefit more from switching to solar.
• The model of solar panels you're thinking of getting: More efficient models are more costly, so that will determine your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $15,000 over 20 years with your solar system, too.

So is a solar system worth it? Whether you want to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a good investment for many South Lyon homeowners.

Solar Incentives in South Lyon

One of the great things about installing a solar panel system is earning incentives from the government. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 26% of the cost of your solar panels. Plus, there may often be some local incentives that you can use to further save. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in South Lyon

An important reason so many people are considering switching to solar power is to help bring down their environmental impact. You may be asking yourself — how much does going solar do for the planet anyway? The more power your family uses, the better off the planet will be when you switch to solar since you won't need to use as much nonrenewable energy. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. If you want to do what you can for the environment, you'll most likely find that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.