13 Best Solar Companies in Monticello, AR (Mar 2023 Review)

The Cost and Benefits of Solar in Monticello

For lots of homeowners, whether or not to invest in a solar energy system comes down to the cost. Some key factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time are:

• The amount of sunlight your house gets: Thanks to Monticello's very high amount of average daily sunlight, you should be able to save a lot on your electric bills.
• Typical energy usage: The more electricity your home consumes on average and the higher your current electricity bills are, the more likely you'll benefit from going solar.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your energy bills, which can give you an average of $18,000 of savings over 20 years.
• Choice of solar panels: The kind of solar panels you get 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.

There are lots of wonderful benefits of solar in spite of the initial cost of installation. It can help the environment and your bank account. Additionally, it can boost the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Monticello

If you're considering switching to solar energy, a number of government incentives and tax credits can immensely bring down the cost of the project and speed up the return on your investment. These incentives normally take the form of cash rebates, tax benefits and/or solar renewable energy credits. They can lower how much you pay for installing solar panels by 30%, upwards of 50% depending on your location. Our article on solar incentives goes over more in-depth information on the incentives you can take advantage of in Monticello.

Environmental Impact of Switching to Solar in Monticello

There are lots of reasons to switch to solar energy, like saving some money on utility bills and helping to lower your carbon footprint. But — how much exactly can you help by going solar? Switching to green energy for electricity in place of relying on nonrenewable energy sources is an impactful way to lower your carbon footprint if you're conscious of Monticello's sizable level of greenhouse gas emissions. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Monticello, you can reduce your carbon footprint by 70 pounds a year with solar panels. As you can see, investing in solar has so many other benefits apart from saving money. One of the major ones is that you can help save the planet too.