17 Best Solar Companies in Bloomington, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Bloomington

When deciding on a solar company, most homeowners or business owners care about the costs above all. A few key factors that influence the cost of installing solar panels on your home and how much it could save you over time are:

• How much power your household consumes: Homes that consume a lot of energy each month may need more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Incentives: Something 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 on your utility bills, which can give you an average of $20,000 of savings over 20 years.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panels won't be able to generate as much energy, which will give you lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• Your income and budget: This determines what kind of solar panels you can get.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, including the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Bloomington

Since solar power is better for the environment than burning fossil fuels, there are several government incentives available to encourage people to make the switch. These incentives typically include cash rebates, tax benefits and/or solar renewable energy credits. They can cut the cost of going solar by 30%, upwards of 50% in some cases. Take a look at our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Bloomington

Making the switch to solar power is a profound way to do what you can for a cleaner and more sustainable future. A question many might be thinking about is how much can they really help the environment by switching to solar power anyway? The more power your family uses, the better off the planet will be if you switch to solar since you won't have to rely on traditional energy sources as much. In Bloomington, the average resident can lower their carbon footprint by 90 pounds a year after going solar. For people who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.