14 Best Solar Companies in Madison, IN (2023 Reviews)

The Cost and Benefits of Solar in Madison

The cost of installing a solar panel system has dropped greatly in the past several years, but it's still a large investment for most homeowners. A few key factors that dictate how much it will cost to install a solar panel system on your home and how much it could save you over time include:

• average energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more likely you'll benefit from going solar.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your power bills, which can generate an average of $18,000 of savings over 20 years.
• Average daily sunlight: Since Madison gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• The make and model of solar panels you want to get: More high-tech panels cost more, so that will determine your budget for your solar project.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, such as the angle of your roof and incentives.

Solar Incentives in Madison

If you're considering making the switch to solar energy, several government incentives and solar rebates can drastically bring down your project costs and speed up the return on your investment. There are quite a few federal, state and local rebates and tax credits that can earn you some money back after buying a qualifying system. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Madison

Switching to solar energy can have a beneficial impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Madison, though. In a city like Madison where energy use is particularly high, making the switch to solar power is a great plan for people who want to do their part for the environment. Though making solar panels releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Madison, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar power is abundant and generates electricity without CO2 emissions, adding solar panels to your home is one easy step you can take to help protect the planet.