18 Best Solar Companies in Franklin, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Franklin

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to install your system. There are a few factors you should take into consideration when trying to determine costs and your potential savings, such as:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $18,000 on your electricity bills over 20 years without incentives.
• Energy consumption: Solar may be an expensive investment for families that don't need a good amount of energy per month.
• The amount of sunlight your city gets: Because of Franklin's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings 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.

Even though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the kind of solar panels you get and incentives.

Solar Incentives in Franklin

In an effort to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more financially viable and accessible. Local solar incentive programs vary by location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. Take a look at our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Franklin

One of the best reasons to embrace solar energy is to decrease your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But — how much exactly can you help the planet by using solar power? Everyone can help save the environment by switching to solar energy, but homes that use lots of energy will have a greater impact. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll no doubt get that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.