Michigan Solar Panel Grants

A sales tax exemption means that homeowners and businesses would not have to pay any state sales tax on their solar panel system.

Michigan solar panel grants.

Michigan solar tax credits and incentive programs the federal investment tax credit. The main incentive for going solar in michigan is the state s favorable net metering policy which requires utilities to give you full credit for any surplus energy your pv system produces. This perk is commonly known as the itc short for investment tax credit. This awesome credit cuts the cost of your overall solar installation by 26 percent making solar pv a more affordable and appealing energy source than fossil fuels.

It is important for your business to learn or understand how to apply for government solar energy grants to improve or expand your business. Following the national extension of the solar investment tax credit itc through 2021 it has never been a better time to go solar. If you install your photovoltaic system in 2020 the federal tax credit is 26 of the cost of your solar panel system. Michigan does not offer sales tax exemptions.

Go to grants gov the federal grants website and choose get registered to apply for an identification number. Michigan launches no upfront cost solar program for middle class homeowners michigan is one of the best states in the country if you want to go solar but only if you re rich enough. Fiscal year 2020 2021 state school aid grants and contracts available from the michigan department of education michigan department of education mde 2017 2018 grants breakdown search for funding opportunities. No typical residential solar energy grants are given directly at the federal level.

For more information on this project future grants and or the meo solar ready community initiative please contact. In an effort to incentivize the growth of solar power various departments within the federal government offer grants to make the transition more affordable. The federal solar investment tax credit will have the biggest impact on the cost you will face to go solar in michigan. Michigan offers a number of incentives to encourage the installation and further development of solar energy technologies.

The federal grant registration process can take a few days to several weeks. Medc michigan energy office 300 n. Washington square lansing mi 48913. Due to the steep upfront costs of around 32 000 in cash only those upper income families can afford to install solar arrays.

Combine the falling costs of solar equipment and installation higher electric rates and the 30 federal tax rebate and you have good reasons to go solar in michigan. Instead the departments provide grants to low income and rural areas alongside farms tribes schools.