If you’ve been asking yourself, “Should I switch to solar energy?” the answer is “Yes, right now!”
Solar energy is growing quickly among Michigan homeowners and those throughout the rest of the country as well. And there are plenty of good reasons behind that growth. In addition to the environmental benefits, solar panels also offer long-term cost savings, immediate rebates and tax breaks, and potential increases in your home’s value.
Currently, Michigan has enough solar panels to power more than 25,000 homes. And major companies like Ford and General Motors are taking advantage of the technology as well. However, there’s still plenty of opportunity for growth, as Michigan is only 31st out of all 50 states in terms of solar energy use. So it could be the perfect time for you to jump into this exciting new technology.
If you’re interested in being a part of the wave of the future, here’s what you should know about making the switch to solar power and deciding whether or not it’s the right choice for your household.
Why Homeowners Are Making the Switch to Solar Power
The first benefit that most people consider when making the switch to solar is the environmental factor. Solar energy is a completely renewable and abundant resource. It does not require fossil fuels. And it doesn’t emit carbon dioxide or other harmful emissions. The more homeowners and businesses make the switch to solar power, the cleaner our planet will be and the less reliant we’ll be on fossil fuels.
Then there are the cost savings. Since the sun’s rays are freely available, utilizing solar power allows you to dramatically cut or potentially even eliminate your monthly energy bills. Since Michigan has one of the highest electricity cost rates in the country, this is a major factor for many homeowners. Of course, there is an upfront cost involved in purchasing and installing your panels. But there are also tax breaks, rebates, and other incentives available to help you cover some of that investment.
If you plan on staying in your home for a long period of time, you can clearly save money by switching to solar power. However, even those who may move within the next 10 to 20 years can realize some savings, due to the fact that solar panels usually lead to an increase in home values. When buyers are able to cut their utility bills and enjoy all the benefits of solar power without actually having to have panels installed, they’re likely to okay paying a bit more for the home. This can put more money in your pocket and improve neighborhoods and cities overall.
What Homes Benefit the Most From Solar Panels
Solar panels can provide these benefits to nearly any homeowner. As long as your home receives sunlight, you can make use of the technology. However, there are a few factors you may want to consider when deciding whether or not the switch is right for your situation.
The biggest roadblock for a lot of homeowners is the cost. It’s true that solar panel installation can be a fairly sizeable upfront investment. There are some tax credits, rebates, grants, low-interest financing, and incentive programs available to help you cover some of the cost, but you’ll still likely have to pay a fair amount out of pocket. Of course, you’ll more than make up for the cost of purchase and installation over time, but it may take several years. If you can afford to invest in your future, then it’s likely a good choice for your family.
Another common concern has to do with Michigan winters. Many homeowners in northern states may think that they don’t receive enough sunlight to make the installation cost of solar panels worthwhile. However, studies have found that Michigan homes receive more than enough sunlight to provide sufficient power and cost savings to homes. In fact, Michigan receives significantly more sunlight than Germany, which has the highest adoption rate of solar power globally.
So essentially, if you have access to enough money to cover the purchase and enough space and sunlight to physically accommodate solar panels, the technology can benefit your household.
Michigan’s Solar Industry Is Booming
Michigan’s solar industry has grown significantly over the last few years. In fact, the solar energy workforce grew by nearly 50 percent in 2016 alone. The thriving industry has made it more possible for manufacturers and installers to offer more affordable rates for consumers. In fact, solar prices in Michigan have fallen by 47 percent over the past five years. So it’s really not as cost prohibitive for many households as it once was.
However, there’s still plenty more room for growth. Currently, just about 0.21 percent of the state’s energy comes from solar power. And experts project the market to grow by 857 MW in the next five years.
Basically, all signs seem to be pointing toward a major boon for solar power. It’s becoming more desirable for home buyers, more affordable for current owners, and more effective for delivering the power you need on a daily basis. So if you’ve been waiting on making the switch, this seems like the perfect time to jump in.
If you want to be part of this growing movement toward renewable energy, you need to find a solar panel installer that will help you created a customized plan that’s perfectly suited to your home’s needs. The Green Panel has been providing expert solar installation services across Michigan for more than a decade. We are well versed in the trends of the industry and the options available to Michigan homeowners. In fact, we only work with quality manufacturers to deliver sustainable and cost effective solutions that will deliver the power you need throughout the entire year. To get started in making the switch over to solar panel, contact us for a free solar evaluation. We’ll look at your property and discuss your options with you so you can make an informed decision.