12 Best Solar Companies in Martinsville, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Martinsville

The cost of putting up a solar panel system has dropped greatly in the past several years, but it's still a substantial investment for most homeowners. There are several factors you should take into consideration when determining how much it will cost and how much you can save, including:

• Average daily sunlight: Since Martinsville gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much you can save on your energy bills.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $19,000 over the first 20 years with your solar panels, too.
• How much energy costs for you: If your local utility rates are especially high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Martinsville, you can save an average of $144 a month on your electricity bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your energy consumption.

Solar Incentives in Martinsville

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially pair the ITC with other local incentives. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Martinsville

There are a few key reasons why homeowners are interested in solar energy: to help their wallet and the environment. But — how much exactly can you help the planet by making the switch to solar? The more energy your family uses, the better off the planet will be if you switch to solar as you won't need to burn as many fossil fuels. In Martinsville, the average person can reduce their carbon footprint by 90 pounds a year once they go solar. If you want to do what you can for the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.