13 Best Solar Companies in Myrtle Grove, FL (Aug 2022 Review)

The Cost and Benefits of Solar in Myrtle Grove

When picking a solar company, most homeowners or business owners think about the costs the most. There are several factors you should consider when determining the overall cost and how much you can save, including:

• The model of solar panels you have the money for: This depends on how much you're willing to invest upfront.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets a lot of sunlight.
• Electricity consumption: The average household in Myrtle Grove uses a decent amount of, and so may save on their energy bills.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $23,000 of savings over 20 years.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, including the kind of solar panels you get and your energy consumption.

Solar Incentives in Myrtle Grove

Switching to solar power has many great benefits. Not only can it help preserve the planet, but you can also save a good amount of money on your installation with various government incentives. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. Additionally, there are often some local incentives that you can use to further save. Check out the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Myrtle Grove

One of the reasons so many people are considering adopting solar energy is to help bring down their environmental impact. But — how much exactly can you help the environment by making the switch to solar? The more power you use, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.