14 Best Solar Companies in Merrillville, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Merrillville

When choosing a solar company, most homeowners or business owners worry about the costs the most. Some main factors that affect the cost of installing a solar panel system on your home and how much money you could save over time are:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $20,000 over 20 years with your system, too.
• Your home's power bills: Based on the very high monthly electric bills in Merrillville, you could save about $1,900 a year with solar.
• The type and model of solar panels you want: Higher-efficiency panels are more highly priced, so that will shape your budget for your solar project.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on electricity bills than a roof that gets lots of sunlight.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the Earth and your bank account. In addition, it can raise the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Merrillville

In an effort to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar power more economically viable and accessible. There are a lot of federal, state and local rebates and tax credits that may earn you a decent amount of money back after buying a solar panel system. For more information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Merrillville

There are many reasons to make the switch to solar energy, like saving on electricity bills and helping to reduce your carbon footprint. You may be wondering — how much does going solar help the planet anyway? How much energy you use is an important factor to keep in mind. The more power your household consumes, the greater your impact when you make the switch to solar power. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll no doubt recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.