15 Best Solar Companies in Greencastle, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Greencastle

We get that for many homeowners, the choice to invest in solar highly depends on installation costs. There are several factors you should consider when determining how much it will cost and how much you can save, such as:

• The amount of sunlight your home gets: Because of Greencastle's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $18,000 over 20 years on your utility bills, without incentives.
• The type and model of solar panels you're planning on getting: Higher-efficiency panels are more highly priced, so that will influence your budget for your solar project.
• How much power your household consumes: Households that consume a lot of power each month may require more solar panels and, as a result, more upfront cost, but will also save more on their energy bills over time.

Because of solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for many homeowners.

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 our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Greencastle

One of the most compelling reasons to use solar power is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. You may be asking yourself — how much does making the switch do for the planet anyway? The more energy your family uses, the the more the environment will benefit if you switch to solar as you won't have to burn as many fossil fuels. Once you go solar, your carbon dioxide emissions can be reduced by about 90 pounds every year. If you care about the environment, you'll no doubt get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.