The Case For Solar
Michigan Has Plenty of Sun!
Do you believe in a solar Michigan? Despite cloudy weather, Michigan is a great place for solar energy production. Like many other places at northern latitudes with a favorable net-metering policy, there is more than enough sun in Michigan to offset entire energy bills with rooftop solar systems.
Costs of Solar are plummeting, electricity costs are rising
Solar energy is an affordable and proven technology that is growing rapidly in the Midwest and across the nation. Cost of solar equipment has dropped 40% in recent years and the cost of electricity continues to rise by an average of 5% every year. In fact, the price of solar is now competitive with the price of electricity generated from coal.
Take advantage of the Federal Investment Tax Credit
The federal investment tax credit (ITC) for solar was extended for 6 more years at the end of 2015. This means that if you purchase your system or finance it through a loan, you will be eligible for 30% of your system costs to be credited directly against what you owe in taxes. If you do not have enough tax liability to use the credit in year one you may spread the credit over 3 years. Take advantage of the tax credit now, before it goes away!
Lock in your electricity rates
Michigan has the highest electricity prices in the midwest. With rates increasing every year, purchasing solar for your home means that you don’t have to deal with rate hikes from the power company. You will produce your own power, on your own property, only paying the costs of the system and for any financing options that you choose.
Financing Options are Available
While purchasing a solar panel system ‘outright’ offers the highest energy savings and maximum return on investment, Strawberry provides solar financing options for qualifying residential and commercial systems through our third-party partners.