15 Best Solar Companies in Hockessin, DE (Feb 2023 Review)

The Cost and Benefits of Solar in Hockessin

For most homeowners, whether or not to invest in a solar energy system boils down to the cost. The cost and possible savings vary depending on a few key factors such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. Additionally, you can save about $14,000 over 20 years on your utility bills, without incentives.
• Energy consumption: Solar may be too pricey an investment for families that don't need a good amount of energy a month.
• How much energy costs for you: The average household in Hockessin spends around $1,000 a year on energy use alone, so you could gain that much in savings.
• Your income and budget: This shapes what model of solar panels you can get.

So is installing solar panels worth it? Whether you'd like to decrease your electric bills, carbon emissions or both, solar panels are a solid investment for many Hockessin homeowners.

Solar Incentives in Hockessin

If you're thinking about making the switch to solar power, several government incentives and subsidies can drastically bring down the cost of the project and expedite the return on your investment. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. For comprehensive information about incentives for homeowners in Hockessin, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Hockessin

If you're planning on adding solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. But you may be curious — how much exactly can you help the environment by going solar? How much energy you use is a key factor to consider. The more energy your household consumes, the larger your impact when you make the switch to solar power. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 60 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.