16 Best Solar Companies in Humboldt, IA (Feb 2023 Review)

The Cost and Benefits of Solar in Humboldt

Although solar panels can help save you money on energy bills over time, it's necessary to know the startup costs. Some key things that affect the upfront cost and potential savings over time include:

• The amount of sunlight your rooftop gets: Due to Humboldt's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• Choice of solar panels: The type of solar panels you get 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.
• How much energy your home consumes: Households that consume plenty of power each month may require more solar panels and, as a result, be more expensive, but will also benefit more over time.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your power bills, which can result in an average of $15,000 of savings over 20 years.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Humboldt

If you're thinking about switching to solar energy, a variety of government incentives and tax credits can drastically lower the cost of the project and expedite the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Humboldt

There are many reasons to switch to solar power, like saving on utility bills and helping to lower your carbon footprint. But — how much exactly can you help the planet by making the switch to solar? The more power your family uses, the the more the environment will benefit when you switch to solar as you won't have to rely on traditional energy sources as much. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.