16 Best Solar Companies in Marshalltown, IA (Mar 2023 Review)

The Cost and Benefits of Solar in Marshalltown

For most homeowners, the decision to invest in a solar energy system comes down to the cost. Some key things that impact how much it will cost and how much you could save include:

• The amount of sunlight your home gets: Due to Marshalltown's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Your home's power bills: Due to very high monthly power bills in Marshalltown, you could save about $2,100 a year with solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $20,000 over the first 20 years with your system, too.
• The make and model of solar panels you're thinking of getting: More efficient panels are more costly, so that will shape your budget for your solar project.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Marshalltown

Although solar power is typically a big investment, it can save you a significant amount of money over many years due to lower energy bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives that can save you some extra money too. For detailed information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Marshalltown

Many want to do their part to help save the environment, which often is the chief reason for installing solar panels. You may be wondering — how much does making the switch do for the planet anyway? The more power your household uses, the better off the planet will be when you switch to solar as you won't need to burn as many fossil fuels. When you go solar, your carbon emissions can be reduced by about 90 pounds every year. For those who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.