16 Best Solar Companies in Huntington, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Huntington

When deciding on a solar company, most homeowners or business owners wonder about the costs the most. A few main factors that affect how much it will cost to install solar panels on your home and how much money you could save over time are:

• How much power your home consumes: Households that consume a lot of power each month may require more solar panels and, therefore, be more costly, but will also benefit more over time.
• 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 save you more money 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.
• Incentives: The federal solar investment tax credit currently allows you to 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, before factoring in incentives.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on electricity bills than a roof that gets lots of sunlight.

So is buying solar panels worth it? Whether you'd like to reduce your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Huntington homeowners.

Solar Incentives in Huntington

In an effort to increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. When you install a solar panel system on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can use to further save. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Huntington

One of the reasons so many homeowners are considering installing solar panels is to help reduce their environmental impact. You may be wondering — how much do solar panels do for the environment anyway? Regardless of your location, you can help save the environment by switching to solar energy, but homes that consume more energy will have an even bigger impact. Though solar panel production releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Huntington, 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 homeowners have been happy with committing to solar.