18 Best Solar Companies in Hammond, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Hammond

For lots of homeowners, whether or not you should invest in solar energy boils down to the cost. The overall price and potential savings vary depending on some important factors such as:

• How much electricity your household consumes: Homes that consume lots of power each month may need more solar panels and, consequently, be more costly, but will also save more on their energy bills over time.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can result in an average of $20,000 of savings over 20 years.
• Choice of solar panels: The type of solar panels you are interested in getting 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 space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.

Thanks to solar panels decreasing in cost as well as local and federal solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Hammond

If you're thinking about making the switch to solar power, a number of government incentives and tax credits can dramatically bring down your project costs and speed up the return on your investment. In addition to the federal tax credit incentive, there are also some state- and city-level benefits, which in almost all cases, stack with the federal incentive, so you get to save even more. Our article on solar incentives has more in-depth information on the incentives you can find in Hammond.

Environmental Impact of Switching to Solar in Hammond

One of the best reasons to adopt solar energy is to cut your reliance on traditional energy sources like burning fossil fuels, which are hazardous for the environment. You may be curious — how much does going solar do for the planet anyway? For homeowners and business owners who want to do their part for the planet, going solar is an easy decision, especially since Hammond produces a high amount of carbon dioxide emissions from its energy generation. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Hammond, you can reduce your carbon footprint by 90 pounds a year with solar panels. The good things about solar power are abundant — just like solar power is! That's why so many people have been happy with making the switch to solar.