11 Best Solar Companies in Goshen, IN (Jun 2022 Review)

The Cost and Benefits of Solar in Goshen

For the majority of homeowners, whether or not you should invest in solar panels comes down to the cost. The cost and possible savings vary depending on some important factors such as:

• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• How much power your home consumes: Households that use lots of power each month may call for more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: Those who purchase and install a solar energy system this year can save 26% of their installation costs by using the federal solar investment tax credit. You can also save about $18,000 on your utility bills over 20 years without incentives.

Solar is a rewarding investment for most homeowners. You can generate your own power instead of paying for it from the grid and make use of solar incentives, all while helping preserve the planet.

Solar Incentives in Goshen

Since solar power is a cleaner source of energy than traditional energy sources, there are a number of government incentives in place to encourage people to make the switch. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly pair the ITC with other local incentives. For more information about incentives that apply to you, see the table below.

Environmental Impact of Switching to Solar in Goshen

There are many reasons to make the switch to solar power, like saving some money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Goshen, though. For homeowners who are environmentally-conscious, using solar power is a straightforward choice, especially since Goshen produces a high amount of carbon dioxide emissions from its energy generation. Even though making solar panels emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Goshen, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you want to do your part for the environment, you'll most likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.