18 Best Solar Companies in Taymouth, MI (Feb 2023 Review)

The Cost and Benefits of Solar in Taymouth

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. The cost and possible savings vary depending on a few important factors such as:

• Energy consumption: Installing a solar system may be a high-cost option for families that don't use a good amount of energy a month.
• Your income and budget: This affects what model of solar panels you can buy.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• How much energy costs for you: The average family in Taymouth shells out around $1,200 a year on electricity alone, so you could gain that much in savings.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, like the size of your house and your current power bills.

Solar Incentives in Taymouth

One of the good things about installing a solar panel system is earning incentives from the government. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can benefit from to further save. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Taymouth

There are a few important reasons why homeowners are considering solar energy: for the good of their bank accounts and the planet. But how much can switching to solar actually help the environment? A key thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so switching to solar energy for your house can help offset that. If you go solar, your carbon emissions can be cut by about 100 pounds a year. Since solar power is abundant and generates electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help protect the planet.