14 Best Solar Companies in Fort Madison, IA (Feb 2023 Review)

The Cost and Benefits of Solar in Fort Madison

Although solar panels can save you a good amount of money on energy bills over time, it's important to take into consideration the upfront costs. Some key factors that affect how much it will cost to install solar panels on your home and how much money you could save over time include:

• The model of solar panel system you can afford: This is dependent on what your budget is.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $21,000 over 20 years on your utility bills, without incentives.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• average energy usage: The more power your home uses on average and the steeper your current power bills are, the more money you could save by making the switch to solar.

Solar is a valuable investment for most homeowners. You can produce your own power instead of paying for it from the grid and make use of solar incentives, all while helping protect the planet.

Solar Incentives in Fort Madison

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more financially viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Fort Madison

Many want to do their part to help the environment, which often is the primary motivation to install a solar system. But — how much exactly can you help the planet by using solar power? The more power your house uses, the the more the environment will benefit when you switch to solar since you won't need to burn as many fossil fuels. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have produced if you still used traditional energy. In Fort Madison, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you care about the environment, you'll most likely recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.