12 Best Solar Companies in Foley, AL (Jan 2023 Review)

The Cost and Benefits of Solar in Foley

Even though solar panels can help save you a good amount of money on power bills over time, it's necessary to take into consideration the startup costs. The cost and possible savings vary depending on some important factors such as:

• Your home's orientation toward the sun: This, plus the configuration of your roof, affects affect how much electricity your solar panels can produce.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $21,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Typical energy usage: The more energy your home consumes on average and the steeper your current energy bills are, the more benefits you'll see from making the switch to solar.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Foley

If you're thinking about making the switch to solar power, various government incentives and tax credits can dramatically bring down your project costs and speed up the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Foley.

Environmental Impact of Switching to Solar in Foley

One of the best reasons to embrace solar energy is to reduce your reliance on traditional energy sources like burning fossil fuels, which are harmful for the environment. But — how much exactly can you help the planet by going solar? In a city like Foley where energy use is particularly high, installing solar panels is a great plan for households who are worried about the state of the planet. Even though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Foley, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar energy is abundant and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help the planet.