15 Best Solar Companies in Ellettsville, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Ellettsville

The cost of installing solar panels has dropped significantly in the past several years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Where your home is: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• The model of solar panels you want to get: More high-tech panels are more highly priced, so that will determine your budget for your solar project.
• Electricity consumption: The average home in Ellettsville uses a lot of energy, and therefore may see more savings on electricity bills than other places.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your 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 $20,000 over 20 years with your system, too.

Solar is a profitable investment for most homeowners. You can make your own energy instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Ellettsville

There are many reasons why you should switch to solar. One of them involves some government incentives that can save you money. In addition to the federal solar investment tax credit, there are also some local incentives, which in the majority of cases, stack with the federal incentive, so you can save even more. For comprehensive information about incentives for homeowners in Ellettsville, see the table below.

Environmental Impact of Switching to Solar in Ellettsville

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your carbon dioxide emissions. Something many might be thinking about is how much can they really help preserve the environment by switching to solar power anyway? Your energy usage is a significant factor to think about. The more electricity your household consumes, the bigger your impact when you make the switch to solar power. When you go solar, your carbon dioxide emissions can be lowered by about 90 pounds a year. If you want to do what you can for the environment, you'll no doubt find that there are many good things about adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is more valuable.