Is Solar Power Worth It in Michigan?
Solar panels make sense in almost every part of the country and are an affordable, reliable alternative energy source in Michigan. Both residential and commercial solar power projects are backed by federal and state rebate programs that make realizing return on investment possible in just a few years.
Why Solar Power Makes Sense in Michigan
Michigan enjoys an average of 170 sunny days per year. That’s 8.5% more sunlight than Europe’s leading solar energy producer, Germany. According to the most recent research, solar power in Michigan could meet the state’s total energy needs once adequate commercial and utility-scale solar projects are completed.
Related: The Inflation Reduction Act Extends Product Tax Credit
Solar Power Generation by State
Michigan has been slow to adopt solar power, ranking 25th in the nation by total solar capacity. At 590 MW of installed capacity, Michigan sits between the states of Illinois and Idaho. Michigan’s current solar generation capacity meets the needs of approximately 93,000 households.
Table and data courtesy of EcoWatch.com.
Investing in Michigan’s Solar Future
In addition to federal grants, rebates and other funds, Michigan has enjoyed substantial solar infrastructure investments. To date, Michigan has more than $800 million in funds to complete, expand and begin construction on more than 12,000 residential, utility and commercial solar power installations.
The largest solar installations in Michigan highlight the tremendous upside this renewable energy source provides the state:
Watervliet Solar – Total capacity of 4.6 MW
Domino Farms Systems – 11 MW
Solar Panels Make More Sense Than Ever
The cost of solar panels has decreased by more than 80% over the past decade and 45% in the past five years alone. Falling prices for panels paired with generous financing options and government solar panel rebates have shortened the average return on investment to a decade or less in most locations.
Michigan Solar Power FAQs
Is it better to lease or buy commercial solar power?
It’s always better to own your solar panels. This ensures an optimized solution that will result in reduced energy costs that pay for themselves in a decade.
What is the hottest temperature solar panels can withstand?
Solar panels are usually tested and certified at 185 degrees Fahrenheit. Panels are designed to handle extreme heat, cold and other volatile weather conditions for 20 years or more without degrading.
Invest in Energy Independence with Keen
Our team of energy experts can design and implement the most cost-effective commercial solar power solution for your facility. With decades of experience, we take a holistic approach to providing personalized energy-efficient programs based on current and anticipated needs. Learn more; speak with a Keen Technical Solutions consultant today.