Going solar is easier and more cost-effective now than ever before for home and property owners in Detroit, MI, primarily due to the many available assistance programs, such as the MI Solar for All program (MI SFA) designed for property owners in low-income and disadvantaged communities, as well as the Investment Tax Credit (ITC), which is not only available to property owners in Detroit, but everywhere in the United States. This federal tax credit is perhaps the biggest savings opportunity available to property owners, as it provides a 30% tax credit on qualified expenditures, primarily solar developments.
Recent statewide sustainability policies, like the Energy Policy Act, are also helping property owners in Detroit. This newest policy prohibits HOA boards from rejecting home improvement upgrades involving solar panel installations, except in very limited circumstances.
But, that’s not all. If you own property in Detroit, there are other city-specific initiatives to be aware of, including:
Detroit’s Sustainability Action Agenda outlines a roadmap for creating opportunities for sustainability throughout the city. The action agenda works to achieve four outcomes, including Clean, Connected Neighborhoods and an Equitable, Green City. One of the ways that the Action Agenda aims to achieve its goals is by reducing municipal and citywide greenhouse gas emissions by increasing solar capacity and generating more solar power within the city. This means that more incentives are likely on the way as a means of rewarding property owners who are helping to fulfill the city’s agenda.
There’s also Detroit’s Solar Neighborhood Initiative, which is a part of the city’s current Climate Strategy that calls for the city to transition to clean renewable energy by 2034. The Neighborhood Solar Initiative takes the first step to achieving these goals. Through the Initiative, homeowners and property owners are provided clean forms of energy.
The Initiative is expected to generate 33 megawatts of solar energy to power 127 city buildings. Additionally, homeowners near solar sites are expected to receive energy efficiency upgrades. Homeowners and property owners in selected neighborhoods have already been identified to receive up to $25,000 in energy-efficient upgrades, including solar panels.
The Grow Solar program is a bulk purchasing program that supports households aiming to go solar in Highland Park and throughout the metro Detroit area. The program allows homeowners to buy solar panels as a group—the more parties that participate, the lower the cost for each homeowner.
The first step is identifying which incentives you could take advantage of, not just in Detroit but statewide. We’ve outlined a few in this article, but you can view a more comprehensive list here.
Next, you’ll want to see how much money you could save. In our experience, homeowners who go solar experience the following benefits:
However, every property is different. You can use our Solar Savings Estimate form to receive a customized savings estimate based on your current energy usage.
Schedule a consultation with Solar Micro Grid Systems. We have over 30 years of experience helping commercial and residential property owners go solar. We can work with you to help you understand how to take advantage of the incentives and assistance programs in your area and how to apply for an upgrade if you live under an HOA.
If you want to learn how we can help you, please complete our solar savings form. It’s completely free, and once we understand your current energy usage, we can provide you with a more accurate, no-obligation solar savings estimate.
Don’t wait to go solar in Detroit. Improve your property’s value and start saving on your energy bill now by installing a solar system. Get started today!
Ready to take control of your power? Contact us for more information on our suite of comprehensive solutions and for a free, no-obligation quote. Act now and start saving sooner!
