15 Best Solar Companies in Hobart, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Hobart

The cost of putting up solar panels has dropped significantly over the past few years, but it's still a significant investment for most homeowners. Some significant things that determine the upfront cost and potential savings over time include:

• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive 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.
• How much you spend on energy: The average household in Hobart spends around $1,900 a year on power alone, so you could gain that much in savings.
• The amount of sunlight your roof gets: This, along with your roof configuration, affects affect how much energy your solar panels can produce.
• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $20,000 on your utility bills over 20 years excluding incentives.

Though a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your house and your local electricity rates.

Solar Incentives in Hobart

One of the benefits of installing a solar panel system is earning incentives from the government. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city rebates and benefits. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Hobart

There are a few important reasons why many people are interested in solar energy: to help their wallet and the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hobart, though. The more energy your house uses, the the more the environment will benefit from you switching to solar since you won't have to use as much nonrenewable energy. Once you go solar, your carbon emissions can be reduced by about 90 pounds a year. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the main ones is that you can help save the Earth too.