Michigan Solar Incentives 2016

The watervliet solar power plant was completed in 2016.

Michigan solar incentives 2016.

Michigan has lots of sunshine and laws that are favorable for solar power and renewable energy. See all our solar incentives by state. All of michigan can take advantage of the 26 federal tax credit which will allow you to recoup 26 of. A number of major companies such as ford and ikea have gone solar in recent years and there are incentives to install roof top arrays through the federal tax rebate.

Solar power in michigan has been growing in recent years due to new technological improvements falling solar prices and a variety of regulatory actions and financial incentives particularly a 30 federal tax credit available for any size project. This photovoltaic project has the capacity to generate 4 6 mw of electricity enough to power over 692 michigan homes. 12 28 2016 at 12 26 am. The green panel is a top solar panel installation company in michigan that can also help to connect customers with relevant financing opportunities and incentives.

Other incentives for solar accelerated depreciation. Thanks to accelerated depreciation businesses can write off the value of their solar energy system through the modified accelerated cost recovery system macrs which reduces businesses tax burden and accelerates returns on solar investments qualified solar energy equipment is eligible for a cost recovery period of five years. The main incentive for going solar in michigan is the state s favorable net metering policy which requires utilities to give you full credit for any surplus energy your pv system produces. Michigan ranks thirty second in the nation for solar capacity but installations were up by 33 in 2014.

With more than 12 years of experience the team is familiar with the best opportunities for grants affordable loans tax breaks and other money saving opportunities including. States for solar irradiance michigan mostly lies farther south than germany where solar power is heavily deployed. I m just looking for information for keeping up with solar energy and who s building new homes in michigan with solar energy and where is it located and do you have designated builders will build. Michigan is lacking in terms of rebates and tax credits for solar power but the 30 federal tax credit compensates this.

Solar pv incentives in michigan while there are few major solar farms so far in the state the industry is beginning to thrive with over 200 companies employing 2 800 staff. This is paired with the michigan solar incentives you see below. In addition the federal government offers a 30 tax credit for the whole installed cost of your system that s a huge benefit available to you no matter where you live in the us. 301 in december 2015 and the bipartisan budget act of 2018.

The majority of michigan s electricity comes from coal fired plants and nuclear power. Several large retailers in michigan have gone solar including ford general motors and ikea. Notable solar installations in michigan.