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

The Cost and Benefits of Solar in Greencastle

For a lot of homeowners, the decision to invest in a solar energy system comes down to the cost. There are a few factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $18,000 over 20 years on your energy bills.
• average energy usage: The more power your home uses on average and the larger your current power bills are, the more benefits you'll see from switching to solar.
• Your income and budget: This guides what kind of solar panels you can afford.
• Your location: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.

Solar is a worthwhile investment for most homeowners. You can make your own power instead of paying for it from the grid and benefit from solar incentives, all while helping the Earth.

Solar Incentives in Greencastle

Switching to solar power has lots of great benefits. Not only can it help preserve the planet, but you can also save some money on your installation with various government incentives. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Take a look at the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Greencastle

There are a few key reasons why people are considering solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Greencastle, though. If your home uses a lot of energy, you can help the environment even more by switching to solar power. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.