10 Best Solar Companies in Greendale, IN (Aug 2022 Review)

The Cost and Benefits of Solar in Greendale

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

• Energy consumption: Solar may be too steep of an option for households that don't need a good amount of energy per month.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can use. Plus, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• The amount of sunlight your rooftop gets: Due to Greendale's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more 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.

There are many good benefits of solar even with the upfront cost of installation. It can help the planet and your bank account. In addition, it can raise the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Greendale

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Greendale

Replacing nonrenewable energy with solar power is a powerful way to do what you can for a cleaner and more sustainable future. Something many might be thinking about is how much can they really help protect the environment by going solar anyway? For those who are environmentally-conscious, using solar power is a straightforward choice, especially since Greendale produces a high amount of carbon dioxide emissions from its energy generation. After you go solar, your carbon dioxide emissions can be lowered by about 90 pounds every year. If you care about the environment, you'll likely get that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.