15 Best Solar Companies in Bright, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Bright

Even though solar panels can save you money on energy over time, it's important to take into consideration the startup costs. Some main factors that determine the cost of installing a solar panel system on your home and how much it could save you over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $18,000 over the first 20 years with your solar panels, too.
• Your location: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Electricity consumption: The average household in Bright uses a lot of energy, and as a result may see more savings on electricity bills than other places.
• The model of solar panels you can afford: This hinges on what your budget is.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and incentives.

Solar Incentives in Bright

There are several reasons why you should switch to solar. One of them involves some government incentives that can help save you some money. These incentives mostly take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can lower the cost you pay for going solar by 30%, upwards of 50% depending on where you live. Our article on solar incentives goes over more information on the incentives you can take advantage of in Bright.

Environmental Impact of Switching to Solar in Bright

If you're thinking of adding solar panels to your home, one of the primary reasons why may be to lower your carbon dioxide emissions. Something many people might have in mind is how much can they really help protect the environment by switching to solar power anyway? No matter where you are, you can help save the planet by switching to solar energy, but homes that consume a lot of energy will have a greater impact. In Bright, the average homeowner can lower their carbon footprint by 90 pounds a year once they go solar. As you can see, using solar power has so many other perks outside of saving money. One of the primary ones is that you can help save the planet too.