17 Best Solar Companies in Mccordsville, IN (Jan 2023 Review)

The Cost and Benefits of Solar in Mccordsville

When deciding on a solar company, most homeowners or business owners wonder about the costs above all. There are quite a few factors you should take into consideration when determining costs and your potential savings, including:

• Average daily sunlight: Since Mccordsville gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• How much you spend on energy: If your local utility rates are especially high, there's a good chance you'll have a higher return on your investment in a solar panel system. In Mccordsville, you can save an average of $133 a month on your electricity bills.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $17,000 over 20 years on your energy bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, such as the size of your house and incentives.

Solar Incentives in Mccordsville

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make going solar more financially viable and accessible. There are several federal, state and local rebates and tax credits that can earn you anywhere from 30% to 50% of your money back after buying a qualifying system. For comprehensive information about incentives for homeowners in Mccordsville, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Mccordsville

Installing solar panels can have a beneficial effect on the environment. A question many people might be asking themselves is how much can they really help the environment by switching to solar power anyway? If your family consumes a lot of energy, you can help the environment even more by switching to solar energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.