16 Best Solar Companies in Fort Wayne, IN (Nov 2022 Review)

The Cost and Benefits of Solar in Fort Wayne

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to set up your system. Some important things that influence the upfront cost and potential savings over time include:

• How much power your home consumes: Households that consume a lot of energy each month may need more solar panels and, consequently, be more costly, but will also save more on their energy bills over time.
• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much power your solar panels can generate.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. Additionally, you can save about $17,000 over 20 years on your utility bills, without incentives.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the planet and your wallet. Plus, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Fort Wayne

Since solar power is more sustainable than burning fossil fuels, there are a number of government incentives in place to encourage people to make the switch. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For more information about incentives that apply to you, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Fort Wayne

One of the reasons so many homeowners are thinking of going solar is to help lower their environmental impact. But you may be wondering — how much exactly can you help the planet by making the switch to solar? Regardless of your location, you can help the environment by switching to solar energy, but homes that use a lot of energy will have an even greater impact. In Fort Wayne, the average homeowner can reduce their carbon footprint by 90 pounds a year once they go solar. If you want to do what you can for the environment, you'll no doubt understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is worth more.