What are the Benefits of Residential Rooftop Solar?

As energy costs continue to rise and concerns about climate change grow, more and more homeowners are turning to solar energy to power their homes. Installing a solar energy system on the rooftop of your residential home offers a variety of benefits, including cost savings, protection against rising electricity rates and inflation, and the ability to own your power and protect yourself during power outages.

One of the most significant benefits of installing a solar energy system on your rooftop is the cost savings. By harnessing the power of the sun, you can significantly reduce your monthly electricity bills. In fact, depending on the size of your system and the amount of energy you consume, you may be able to eliminate your electricity bill entirely. And since solar panels have a lifespan of 25-30 years, you can enjoy these cost savings for decades to come.

In addition to saving money on your electricity bills, installing a solar energy system on your rooftop can protect you from rising electricity rates and inflation. With traditional utility companies, the cost of electricity tends to rise over time, but with solar energy, you can lock in your electricity rate and avoid these increases. This means that your electricity costs will remain predictable and stable, even as rates continue to rise.

Owning your power is another significant benefit of installing a solar energy system on your rooftop. Rather than relying on a utility company to provide you with power, you can generate your own electricity using renewable energy. This means that you have more control over your energy consumption and can reduce your reliance on traditional fossil fuels. Additionally, owning your power can give you peace of mind during power outages, as your system can continue to provide power to your home even when the grid goes down.

Finally, Michigan offers tax write-offs and government programs that can help make solar energy more affordable for homeowners. This makes it easier than ever to take advantage of this amazing opportunity that is solar energy,

Tax Incentives and Write-offs	Details
Federal Tax Credit (Investment Tax Credit)	Up to 26% of the cost of the solar energy system can be claimed as a tax credit on federal taxes. The credit is available through the end of 2023 and will decrease to 22% in 2024.
State Tax Credit	Up to $5,000 tax credit is available for homeowners who install solar energy systems. This is a one-time credit that can be claimed in the year the system is installed.
Distributed Generation	Michigan's Distributed Generation program allows homeowners to earn credits for excess energy produced by their solar panels. These credits can be used to offset future electricity bills.

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