13 Best Solar Companies in Austin, IN (Sep 2022 Review)

The Cost and Benefits of Solar in Austin

For a lot of homeowners, whether or not to invest in a solar energy system boils down to the cost. A few important factors that affect the cost of installing solar panels on your home and how much money you could save over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 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 $17,000 over 20 years with your solar system, too.
• How much energy you use: If your household needs to use a lot of energy, you'll see more savings from installing solar panels.
• The model of solar panel system you can buy: This is dependent on what your budget is.
• Your city: This affects how much sunlight your roof receives, which helps determine how many panels you need.

Even though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount 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 energy consumption.

Solar Incentives in Austin

Although a solar power system is typically a big investment, it can save you a substantial amount of money over the lifespan of your solar panels because of lower power bills and government incentives. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Austin

Lots of people want to do their part to help save the environment, which in many cases is the chief motivation to install solar panels. But — how much exactly can you help the planet by going solar? In a city like Austin where energy use is particularly high, going solar is a fantastic idea for those who are worried about the state of the planet. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the most important ones is that you can help save the planet too.