4 Best Solar Companies in Troy, AL (Feb 2023 Review)

The Cost and Benefits of Solar in Troy

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. A few important factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more 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 opt for a higher number of more affordable panels.
• average energy usage: The more power your home uses on average and the higher your current power bills are, the more benefits you'll see from making the switch to solar.
• How much energy costs for you: The typical household in Troy shells out around $1,800 a year on electricity alone, so you could be looking at that much in savings.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.

Though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on a number of factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Troy

One of the good things about installing a solar panel system is receiving federal and potentially state incentives. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Troy

There are a few key reasons why people are considering solar energy: for the financial and environmental benefits. You may be curious — how much does making the switch do for the environment anyway? Everyone can help save the environment by switching to solar energy, but homes that use lots of energy will have an even bigger impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.