Solar Panel Return on Investment

Solar Panels on your home offer great return on investment (ROI)!

Installing solar panels on your Michigan home will offer a great ROI!

It’s a myth that solar panels aren’t a good source of energy in Michigan. While it is true that we don’t receive as much direct sunlight as other states on an annual basis, but that doesn’t mean that installing solar panels on your home won’t provide you with free energy.

The truth is, when you install solar power systems on your Michigan home you will be able to reduce your energy bill every month!

This means you will still draw power from a conventional energy company, but you will be able to replace some of that cost with what your solar panels provide your home.

Investing in solar panels for your home will be worth it and you can expect to save money in the long run!

Average Savings Per Year:

Another option is to run your pool house or pole barn completely off of solar energy. Many people prefer to run their barns and pool houses on solar panels because they are separate from their home and while they still get used a lot, they do not require constant energy. This also means that even if you build a new barn or other outbuilding on your property, you won’t have to worry about increasing your monthly energy bills.

Return on Your Solar Investment

These energy savings are generally less than what you would spend on your system itself and it would take several years to cover the installation cost with your yearly savings, but you would gain the return on your investment when you go to sell your home. This means that even if you plan on selling your home within a couple years, it will still be a worthy investment to add solar panels to your home.

The increase in your home value when you install solar panels is generally around 4% and this will usually cover the original cost of your solar system installation plus some extra. When you think of solar panels as a home improvement rather than an energy replacement than it is easy to understand how you will gain a greater return on investment from not only your solar power system but also your home itself.

When you go to sell your home, you will be able to sell it for a much higher price because the potential buyers know they will have much lower monthly energy bills than a home without solar panels. This is not only appealing to the buyers from a money standpoint but also from a green energy standpoint.

This increase in your home value along with the yearly savings will allow for a great return on investment from both a home standpoint and a solar panel system standpoint.
Contact Us