8 Best Solar Companies in Glenwood, IA (Oct 2022 Review)

The Cost and Benefits of Solar in Glenwood

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

• How much you spend on energy: The typical household in Glenwood spends around $1,500 a year on energy use alone, so you could be looking at that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $15,000 over the first 20 years with your system, too.
• Your city: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• How much electricity your household consumes: Homes that need lots of electricity each month may require more solar panels and, consequently, be more expensive, but will also benefit more over time.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Glenwood

If you're considering switching to solar power, several government incentives and subsidies can dramatically lower the installation costs and speed up the return on your investment. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly use the ITC with other state and city incentives. Take a look at the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Glenwood

If you're thinking of adding solar panels to your home, one of the main reasons why may be to reduce your reliance on nonrenewable energy. But you may be wondering — how much exactly can you help by making the switch to solar? Everyone can help the environment by switching to solar energy, but homes that consume a lot of energy will have an even bigger impact. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. As you can see, using solar power has so many other perks apart from saving money. One of the most important ones is that you can help save the environment too.