15 Best Solar Companies in Kokomo, IN (2023 Reviews)

The Cost and Benefits of Solar in Kokomo

For a lot of homeowners, the decision to invest in a solar energy system boils down to the cost. There are quite a few factors you should consider when determining the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Your income and budget: This determines what kind of solar panels you can buy.
• How much energy costs for you: If your local power rates are especially high, there's a better chance you'll get a higher return on your investment in a solar panel system. In Kokomo, you can save an average of $136 a month on your electricity bills.
• Your home's orientation toward the sun: This, plus how your roof is set up, affects affect how much energy your solar panels can produce.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the environment and your wallet. 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 Kokomo

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in the majority of cases, stack with the federal incentive, so you can save even more. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Kokomo

Going solar can have a meaningful effect on the environment. You may be trying to figure out — how much does going solar do for the planet anyway? The more energy your household uses, the the more the environment will benefit from you switching to solar since you won't have to burn as many fossil fuels. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. The advantages of solar power are plentiful — just like solar power is! That's why so many Kokomo residents have been happy with making the switch to solar.