Michigan's electricity prices average $0.16/kWh, slightly up from last year and above the national average of $0.14/kWh.
Cost of a Solar Install
The average cost of a 6kW (equivalent to saving almost _100_ trees a year) solar power system starts around $11,000 in Michigan. That system would pay for itself through energy savings within 11-13 years. System life can span well over 25 years, and savings will improve with inflation.
Solar Incentives in the Great Lake State
With low year-round-average temperatures and nearly 4 peak-Sun-hours every day, Michigan is a great state for efficiently operating solar panels. With that said the Mitten State has no solar carve out, no solar rebates, no solar tax credits, no sales tax exemption for solar, and net metering which only compensates homeowners at half the market rate. On the bright side Michigan's property tax exemption was reinstated in 2019. Despite these policy shortcomings, relatively high energy prices averaging $0.16/kWh still allow for a normal 6kW PV install to pay itself back in just over ten years, and continue saving you money as a homeowner for decades to come.
The average cost of a 6kW (equivalent to saving almost _100_ trees a year) solar power system starts around $11,000 in Michigan. That system would pay for itself through energy savings within 11-13 years. System life can span well over 25 years, and savings will improve with inflation.
