14 Best Solar Companies in Huntertown, IN (Jan 2023 Review)

The Cost and Benefits of Solar in Huntertown

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your panels. A few main factors that determine the cost of installing a solar panel system on your home and how much it could save you over time include:

• Average daily sunlight: Since Huntertown gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• The type and model of solar panels you're thinking of getting: Higher-efficiency panels cost more, so that will influence your budget for your solar project.
• The cost of electricity in your area: If your local electricity rates are especially high, there's a good chance you'll get a higher return on your investment in a solar system. In Huntertown, you can save an average of $134 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. In addition, you can save about $17,000 over 20 years on your utility bills, without incentives.

There are lots of great benefits of solar despite the initial cost of installation. It can help the environment and your bank account. In addition, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Huntertown

If you're considering making the switch to solar power, several government incentives and subsidies can immensely lower your project costs and speed up the return on your investment. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Huntertown

There are a few primary reasons why homeowners are considering solar energy: to help their wallet and the environment. You may be trying to figure out — how much does making the switch help the environment anyway? The amount of energy you use is a significant factor to keep in mind. The more electricity you use, the bigger your impact when you make the switch to solar power. In Huntertown, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. If you want to do your part for the environment, you'll no doubt get that there are many good things about adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.