'It was just too good to be true': How Solar Energy Can You Save Money

You probably have seen more of them recently. Solar energy use is rising in Michigan , and one couple in Ionia County, swears by it.

“They came out and it was like… No way, would we pass up this opportunity," explained Julie Longway. "It was just too good to be true.”

For more than 4 years, Julie and her family have been saving money, by having solar panels.

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As Julie explained, the energy generated by her solar panels is sent directly to Consumers Energy.

“They'd buy a certain amount, and we get a small portion, which last year, we ended up having a negative," explained Julie.

A negative balance isn't bad in this case— the opposite, actually, if you're looking to save a buck.

It means the solar panels are producing more energy than the house needs and it can make those monthly bills something to look forward to—

"The negative carries over to my next month where I would have credit," explains Julie.

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It's known as a buyback program, and participation all depends on where you live.

Owner and founder of Educated Energy, Grahm Gardner makes sure all customers know what they're signing up for.

“All the power companies have one, it's just a different calculation on how much they're willing to give you for that excess electricity," explained Gardner.

While companies can pay for your excess electricity, you can also store it— which comes in handy during those wicked summer storms.

“We call it protected loads, priority loads. So, we're looking at refrigerators, Wi-Fi, well pumps is a big one," emphasized Gardner.

Even when your battery is fully charged, those negative bills from an electric provider will still roll. Especially, when you're on vacation.

“The house is hardly using any electricity when you're away from home but your solar panels are still producing it," said Gardner.

Bringing in more credit for you to save during those less-sunny months.

“It can be stored up for those winter months where your system might not be producing as much as what your house is using," added Gardner.

While installation of solar panels can be a costly endeavor, grants and various tax incentives can make it a short-term payment for a long-term investment.

"Solar is a way that you can add value to your home, you can lessen the cost of your electricity," emphasized Gardner.

To learn more about solar in your area, click here.

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