18 Best Solar Companies in Hidden Valley, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Hidden Valley

For most homeowners, the decision to invest in a solar energy system comes down to the cost. A few key factors that determine the cost of installing a solar panel system on your home and how much money you could save over time are:

• average energy usage: The more power your household consumes on average and the higher your current power bills are, the more benefits you'll see from switching to solar.
• The amount of sunlight your roof gets: This, along with how your roof is set up, affects affect how much power your solar panels can produce.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $17,000 on your electricity bills over 20 years without incentives.
• The type and model of solar panels you're thinking of getting: Higher-efficiency panels cost more, so that will affect your budget for your solar project.

There are many wonderful benefits of solar despite the upfront cost of installation. It can help the planet and your finances. Plus, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Hidden Valley

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over time due to reduced energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local incentives. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Hidden Valley

Installing solar panels is a great way to do what you can for a greener future. But — how much exactly can you help the environment by using solar power? Going solar is a great choice for the environment, because the biggest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In Hidden Valley, the average resident can lower their carbon footprint by 90 pounds a year after going solar. If you want to do your part for the environment, you'll likely recognize that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.