11 Best Solar Companies in Waterford, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Waterford

For many readers, the decision of which solar installer to hire comes down to how much it'll cost. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Average daily sunlight: Since Waterford 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 current electricity bills: Solar panels can substantially reduce, or completely eliminate, your utility bills. In Waterford, you can save an average of $84 a month.

Solar is a fruitful investment for most homeowners. You can generate your own power instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping protect the planet.

Solar Incentives in Waterford

Although solar power is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years because of lower energy bills and government incentives. On top of the federal tax credit incentive, there are also some state- and city-level programs, which in most cases, stack with the federal incentive, so you can save even more. Our article on solar incentives has more in-depth information on the incentives you can find in Waterford.

Environmental Impact of Switching to Solar in Waterford

There are many reasons to make the switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Waterford, though. Regardless of your location, you can help the environment by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. Since solar energy is renewable and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the planet.