15 Best Solar Companies in Gas City, IN (Sep 2022 Review)

The Cost and Benefits of Solar in Gas City

For lots of homeowners, the decision to invest in a solar energy system boils down to the cost. Some key things that determine how much it will cost and how much you could save include:

• average energy usage: The more electricity your household uses on average and the larger your current electricity bills are, the more benefits you'll see from going solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $16,000 over the first 20 years with your system, too.
• How much sunlight your roof gets: This, along with how your roof is set up, affects affect how much energy your solar panels can generate.
• Choice of solar panels: The type of solar panels you want 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.

Though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in Gas City

If you're thinking about switching to solar power, a number of government incentives and state programs can dramatically lower the cost of the project and expedite the return on your investment. There are quite a few federal, state and local rebates and tax credits that earn some money back after installing a solar panel system. Take a look at the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Gas City

There are a few big reasons why many people are interested in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Gas City, though. In a city like Gas City where energy use is particularly high, making the switch to solar power is a great plan for those who are eco-conscious. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is worth more.