15 Best Solar Companies in Taylor, MI (Feb 2023 Review)

The Cost and Benefits of Solar in Taylor

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your system. The cost and possible savings vary depending on a few key factors such as:

• How much energy you use: If your home needs to use a lot of energy, you'll benefit more from going solar.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $16,000 over the first 20 years with your system, too.
• The cost of electricity in your area: If your local energy rates are quite high, there's a good chance you'll end up with a higher return on your investment in a solar system. In Taylor, you can save an average of $84 a month on your electricity bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Taylor

Because solar power is a cleaner source of energy than burning fossil fuels, there are various government incentives in place to encourage its adoption. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Taylor

There are a few important reasons why many people want to invest in solar energy: to help their wallet and the environment. You may be wondering — how much do solar panels help the environment anyway? If your home consumes a lot of energy, you can help the environment even more by switching to solar energy. In Taylor, the average resident can reduce their carbon footprint by 100 pounds a year once they go solar. As you can see, trading traditional energy for solar has so many other rewards beyond saving money. One of the primary ones is that you can help save the Earth too.