Whether you live in Detroit or out in green Ann Arbor, the Great Lake State has a wealth of sunshine and plenty of solar incentives to offer homeowners. Learn more about the many programs, rebates and incentives in Michigan and find out why so many of your neighbors are putting solar panels on their roofs.
The best way to compare your solar options and save money at the same time is by registering on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage’s competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company. Read our updated article on the cost of solar panels to compare solar costs across states and by panel brand.
Awesome solar programs in Michigan
Michigan Saves Home Energy Loan Program
This MI financing option offers homeowners the chance to upgrade their home’s energy efficiency with loans that have APR’s as low as 4.99% depending on credit score. The loan timeline ranges from 12 months to 10 years with a maximum APR set at 7.90%, making this program a great way to buy your solar system by making easy affordable payments.
Michigan solar tax credits and incentive programs
The federal solar tax credit
Don’t forget about federal solar incentives! With the investment tax credit (ITC), now referred to as the Residential Clean Energy Credit for residential systems, you can reduce the cost of your PV solar energy system by 30 percent. Keep in mind that the ITC applies only to those who buy their PV system outright (either with a cash purchase or a solar loan), and that you must have enough income for the tax credit to be meaningful (unless you’re a tax-exempt entity, in which case you might be eligible for a direct payment).
Michigan Residential Solar Tax Credits