Michigan Solar Incentives & Financing: Why Now is the Best Time to Go Solar
Michigan homeowners are facing rising energy costs, making it more important than ever to explore energy-saving solutions. At Performance Roofing & Siding, we specialize in helping homeowners take advantage of Michigan solar incentives to make the switch to solar energy easier and more affordable.
Thanks to new advancements in solar technology—like sleek, efficient solar shingles—and generous financial incentives, there’s never been a better time to invest in solar. Not only can homeowners cut their energy bills, but they can also increase their property value while reducing their carbon footprint. If you’ve ever considered solar, now is the time to take action.
Understanding Michigan Solar Incentives
The Inflation Reduction Act (IRA) offers substantial benefits for homeowners transitioning to solar energy. One of the most significant incentives is the federal solar tax credit, which allows homeowners to deduct up to 30% of their solar installation costs from their federal taxes for systems installed between 2022 and 2032. This credit can significantly reduce the upfront investment required for solar energy systems.
In addition to federal incentives, Michigan offers state-specific programs to encourage solar adoption. The MI Solar for All program provides financial assistance for rooftop solar installations, particularly targeting low-income and disadvantaged communities. This initiative aims to make solar energy accessible to a broader range of residents, promoting both sustainability and economic equity.
Innovative Financing with Mosaic
To further ease the financial commitment of solar installation, Performance Roofing & Siding has partnered with Mosaic, a leader in solar financing. Mosaic offers flexible payment plans tailored to fit various budgets, ensuring that homeowners can embark on their solar journey without immediate financial strain.
Even better, Mosaic applies the 30% tax credit upfront to the loan, meaning homeowners sign a loan for a smaller amount with lower monthly payments. Michigan homeowners can invest in solar for less than the cost of a traditional asphalt roof replacement while reaping long-term savings.
Why Now is the Best Time to Go Solar in Michigan
If you’ve been considering making the switch to solar energy, there’s never been a better time to take the leap. With energy costs rising, new technology making solar more accessible, and huge financial incentives available, installing solar shingles on your Michigan home is an opportunity you don’t want to miss.
1. Take Advantage of the 30% Solar Tax Credit
One of the biggest reasons to go solar right now? The Inflation Reduction Act (IRA). Thanks to this federal initiative, homeowners can claim a 30% tax credit on the cost of their solar installation. If your solar system costs $30,000, you could get $9,000 back in tax credits.
But here’s the catch—this incentive won’t last forever. While the 30% credit is locked in through 2032, it will begin phasing out after that. The sooner you install solar, the sooner you start saving.
2. Lower Energy Costs
Electricity rates aren’t going down anytime soon. In fact, they’re doing the opposite—rising year after year. Imagine producing your own power and slashing (or even eliminating) your electric bill. It’s not just wishful thinking—it’s what homeowners across Michigan are already doing with solar.
3. Solar Shingles Are More Affordable Than Ever
In the past, switching to solar meant big, bulky panels mounted onto your roof. But today, solar shingles offer a sleek, modern alternative that looks and functions just like traditional roofing—while generating clean energy for your home.
4. Increase Your Home’s Value
A solar-equipped home isn’t just energy-efficient—it’s also more valuable. Studies show that homes with solar sell faster and at higher prices. Buyers are willing to pay a premium for lower energy bills and eco-friendly features. By investing in solar now, you’re not only saving money—you’re also boosting your home’s future resale value.
5. Reduce Your Carbon Footprint
Going solar isn’t just good for your wallet—it’s great for the planet. By switching to renewable energy, you’ll help reduce greenhouse gas emissions and lessen dependence on fossil fuels. That means cleaner air, a healthier environment, and a more sustainable future for generations to come.
Seamless Integration with Solar Shingles
Performance Roofing & Siding is proud to offer Timberline Solar™ Shingles, an innovative solution that combines the functionality of traditional roofing with advanced solar technology. These state-of-the-art shingles provide a seamless and attractive energy solution, allowing homeowners to maintain their home’s aesthetic while harnessing solar power.
Take the Next Step with Performance Roofing & Siding
Embracing solar energy is a forward-thinking decision that offers financial, environmental, and aesthetic benefits. With the combination of federal and state incentives, innovative financing through Mosaic, and cutting-edge solar shingle technology, there’s never been a better time to make the switch.
Schedule your free consultation today and take the first step toward a more energy-efficient home. Contact Performance Roofing & Siding to learn more about how we can help you transform your home with solar energy!