Michigan utilities are increasingly non-supportive of solar energy that they themselves do not own. DTE has essentially waged war on solar and Consumers Energy was just approved for a rate hike which will net it 10.6 million in revenue. Additionally, the closing of coal plants will continue to drive rate hikes.
The national solar landscape is constantly shifting due to changes in policy, incentives, regulations, and the utilities. Almost half of the states in the U.S. have Renewable Portfolio Standards that facilitate wide adoption of solar energy. The federalInvestment Tax Credit, which provides 26% off of the total cost of your solar system, steps down to 22% in 2021.
Typically 6 years on commercial and 9 years for residential.
RETURN ON INVESTMENT
The IRR from solar easily out performs the stock market.
26% Investment Tax Credit and accelerated depreciation for businesses. Grants may also be available.