12 Best Solar Companies in Martinsville, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Martinsville

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your panels. Some key things that determine how much it will cost and how much you could save include:

• The cost of energy for you: If your local power rates are especially high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Martinsville, you can save an average of $144 a month on your electricity bills.
• Choice of solar panels: The kind of solar panels you get 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• average energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more money you could save by switching to solar.
• The amount of sunlight your roof gets: Thanks to Martinsville's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

There are lots of great benefits of solar even with the upfront cost of installation. It can help the Earth and your bank account. Additionally, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Martinsville

One of the benefits of installing a solar panel system is earning incentives from the government. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly use the ITC with other state and city incentives. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Martinsville

There are lots of reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. You may be trying to figure out — how much do solar panels help the environment anyway? How much energy you use is a key factor to consider. The more energy you use, the larger your impact when you make the switch to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. Since solar energy is abundant and makes electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help the planet.