Solar Panels in Michigan: Facts and Figures
Curious about the state of solar in Michigan? Check out these facts and figures!
At 14.13¢/kWh, Michigan energy rates are some of the highest nationwide, currently ranking 12th in the US and 20% greater than the national average. The rates in Michigan are increasing an average of 5% per year. Since those of us in Michigan are paying more and will likely continue to pay more in the future, we stand to save even more when we make the switch to solar!
Federal and state rebates and incentives apply for Michiganders who decide to invest in solar panels. For example, a 30% federal tax credit is in effect for those who install solar panel systems for their commercial and residential properties. This means you can deduct 30% of the cost of your solar panel system from your taxes. However, the federal tax credit decreases after 2019: in 2020, the deduction is 26%, in 2021, the deduction is 22%, and after 2021 the deduction is 10% for commercial solar panels only.
Michigan’s largest rooftop solar installation is in nearby Canton, on the IKEA store. The solar array boasts an impressive 162,000 square feet of solar panels, generating approximately 1.4 million kilowatt-hours annually!
At Domino’s Farms in Ann Arbor, a solar plant built by DTE in 2015 generates 1.1MW of solar power.
The University of Michigan in Ann Arbor has been a major participant in solar power over recent years, by installing solar photovoltaic systems in multiple campus locations through DTE’s SolarCurrent program.
The solar power industry in Michigan currently employs approximately 4,000 people.
There is currently 152MW of solar power installed in Michigan, which is enough to power over 25,000 homes!
There are over 4,500 solar panel installations installed statewide.
At 14.13¢/kWh, Michigan energy rates are some of the highest nationwide, currently ranking 12th in the US and 20% greater than the national average. The rates in Michigan are increasing an average of 5% per year. Since those of us in Michigan are paying more and will likely continue to pay more in the future, we stand to save even more when we make the switch to solar!
Federal and state rebates and incentives apply for Michiganders who decide to invest in solar panels. For example, a 30% federal tax credit is in effect for those who install solar panel systems for their commercial and residential properties. This means you can deduct 30% of the cost of your solar panel system from your taxes. However, the federal tax credit decreases after 2019: in 2020, the deduction is 26%, in 2021, the deduction is 22%, and after 2021 the deduction is 10% for commercial solar panels only.
Michigan’s largest rooftop solar installation is in nearby Canton, on the IKEA store. The solar array boasts an impressive 162,000 square feet of solar panels, generating approximately 1.4 million kilowatt-hours annually!
At Domino’s Farms in Ann Arbor, a solar plant built by DTE in 2015 generates 1.1MW of solar power.
The University of Michigan in Ann Arbor has been a major participant in solar power over recent years, by installing solar photovoltaic systems in multiple campus locations through DTE’s SolarCurrent program.
The solar power industry in Michigan currently employs approximately 4,000 people.
There is currently 152MW of solar power installed in Michigan, which is enough to power over 25,000 homes!
There are over 4,500 solar panel installations installed statewide.
