11 Best Solar Companies in Sherwood, AR (Dec 2022 Review)

The Cost and Benefits of Solar in Sherwood

While solar panels can help save you a decent chunk of change on electricity bills over time, it's necessary to know the startup costs. Some key things that influence the cost and possible savings include:

• Choice of solar panels: The type of solar panels you need 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.
• How much sunlight your roof gets: This, plus how your roof is set up, affects affect how much electricity your solar panels can generate.
• 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. Plus, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• How much electricity your household consumes: Homes that use plenty of electricity each month may require more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Sherwood

If you're thinking about switching to solar power, a number of government incentives and subsidies can drastically lower your project costs and expedite the return on your investment. There are quite a few federal, state and local rebates and tax credits that can earn you some money in return after paying for a solar panel system. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Sherwood

One reason so many homeowners consider adopting solar energy is to help reduce their environmental impact. But how much can using solar energy instead of traditional energy actually affect the environment? How much energy you use is an important factor to think about. The more power your household consumes, the greater your impact when you go solar. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 70 pounds each year. If you care about the environment, you'll most likely get that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.