16 Best Solar Companies in West Bloomfield, MI (Sep 2022 Review)

The Cost and Benefits of Solar in West Bloomfield

The cost of installing a solar panel system has dropped significantly over the past several years, but it's still a substantial investment for most homeowners. The overall price and potential savings vary depending on some key factors such as:

• Your household's power bills: Based on the fairly high monthly energy bills in West Bloomfield, you could save about $1,000 a year with solar.
• 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 $15,000 over 20 years on your energy bills.
• Electricity consumption: The average home in West Bloomfield uses a decent amount of, and consequently may save on their energy bills.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in West Bloomfield

There are a lot of reasons why going solar is a great investment. One of them involves some government incentives that can help save you some money. When you install solar panels, 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 local incentives that you can take advantage of to further save. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in West Bloomfield

One of the most compelling reasons to embrace solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. But how much can using solar energy instead of traditional energy actually affect the environment? No matter where you are, you can help protect the planet by switching to solar energy, but homes that consume lots of energy will have a greater impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could 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 understand that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.