Michigan Solar Information

Michigan isn't a bad state for solar but far from the strongest. There is a state tax credit that reduces your income tax. Along with basically wiping out your state income tax although not required by the state the three major utilities servicing all of Michigan offer net metering. As always in Michigan you are entitled to the 30% federal tax credit.

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Michigan ranks in America for savings from installing solar panels on
5317.30 kWh

AC Energy output every year in Michigan in 4 kW system
4.37 kWh

Solar Radiation (kWh / m2 / day)
14 ¢ /kWh

The cost of electricity today in Cherryland Electric Coop Inc|Consumers Energy Co
29 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years

Michigan Solar Facts

$1.33
Average cost of a 4kw solar power system in 2019.
4 years
Average system payback period.
$61 536
Average lifetime savings.
5 ¢ /kWh
Levelized cost of solar energy.
5 kW
Recommended system size.

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How much do solar panels cost in Michigan
$1.33 per watt

Cash purchased solar system

Before 30% solar tax credit
$6 600 total

Estimated system cost

Before 30% solar tax credit
4 years

Average system payback period

Solar power in Michigan has been growing in recent years due to new technological improvements and a variety of regulatory actions and financial incentives, particularly a 30% federal tax credit, available for any size project. Although among the lowest U.S. states for solar irradiance, Michigan mostly lies farther south than Germany where solar power is heavily deployed. Michigan is expected to use 120 TWh per year in 2030. To reach a 100% solar electrical grid would require 2.4% of Michigan's land area to host 108 GW of installed capacity.

Michigan had over 176 MW of solar capacity in 2019. Solar provided only about 0.25% of all electricity. According to the Michigan Public Service Commission, the state had an estimated 27 MW of solar capacity as of the end of 2014, counting utility and distributed generation.

Tell us how much you are spending on electricity and we’ll calcalute how much you can save if you get solar

kWH

$ per kWH

According to Cherryland Electric Coop Inc|Consumers Energy Co, we received the cost of kWH in your area and calculated energy consumption based on an average electricity bill for 3 months.

I am claiming the 30% Federal Tax Credit (ends 2019) i

When you install your solar system, 30% of your project expenses apply toward a credit to offset any taxes you owe that year. This federal tax credit is a major incentive to go solar, but it is being phased out by 2022.

Most people are eligible to claim this credit (you must owe federal taxes to be eligible).

System size

4.98 kW medium system size

Provides up to 80% of electricity consumption

$1.33 per watt

Average system cost

16 x 325 watt

solar panels
+
16 x 300 watt

microinverter
+
1 x 5 000 watt

inverter

$105.45 / month

Estimated savings on your average quarterly bill

$6 599.59

Estimated system cost
Excludes 30% Federal Tax Credit.
This price does not include the installation cost.
4 years

Average system payback period
$61 536.33

Estimated utility savings

Example of 4 kW system calculation in Minnesota for electricity bill $100

14 ¢ /kWh

The cost of electricity today in Cherryland Electric Coop Inc|Consumers Energy Co
29 ¢ /kWh

If you don't get solar. The forecast average utility price over the next 25 years
5 ¢ /kWh

levelized cost of solar energy