17 Best Solar Companies in Bloomington, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Bloomington

The cost of installing solar panels has decreased greatly over the past few years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will give you lower savings on power bills than a roof that gets plenty of sunlight.
• The type of solar panels you want: Higher-efficiency panels are more expensive, so that will affect your budget for your solar project.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• How much energy you use: If your family uses a lot of energy, you'll benefit more from going solar.

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

Solar Incentives in Bloomington

One of the benefits of installing a solar panel system is receiving incentives from the government. There are several federal, state and local rebates and tax credits that can earn you a decent amount of money in return after paying for a qualifying system. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Bloomington

One of the best reasons to tap into solar power is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Bloomington, though. The more energy 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. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used traditional energy. In Bloomington, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar power is renewable and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help preserve the environment.