11 Best Solar Companies in Middletown, DE (Mar 2023 Review)

The Cost and Benefits of Solar in Middletown

For a lot of homeowners, the decision to invest in solar panels depends the most on the cost. There are a few factors you should consider when determining how much it will cost and how much you can save, including:

• How much electricity your home consumes: Homes that consume plenty of energy each month may call for more solar panels and, consequently, more upfront cost, but will also enjoy more savings over time.
• Choice of solar panels: The kind of solar panels you are interested in getting 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 you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can use. Additionally, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• Your household's power bills: Based on the fairly high monthly electricity bills in Middletown, you could save about $1,200 a year with solar.

Though a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Middletown

There are many good reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Middletown

An important reason so many consider going solar is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Middletown, though. One thing to keep in mind is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. After you go solar, your carbon emissions can be lowered by about 60 pounds a year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.