17 Best Solar Companies in Middlebury, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Middlebury

The cost of installing a solar panel system has decreased greatly over the past several years, but it's still a substantial investment for most homeowners. There are a few factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• Incentives: Something that can reduce the cost of your solar project 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 energy bills, which can lead to an average of $20,000 of savings over 20 years.
• Your current electric bills: Solar panels can substantially reduce, or completely get rid of, your utility bills. In Middlebury, you can save an average of $160 a month.
• The model of solar panel system you can purchase: This hinges on how much you're willing to invest upfront.
• Your energy consumption: If your family uses a lot of energy, you'll benefit more from switching to solar.

So is installing solar panels worth it? Whether you want to lower your electricity costs, carbon dioxide emissions or both, solar panels are a good investment for many Middlebury homeowners.

Solar Incentives in Middlebury

One of the good things about installing a solar panel system is receiving incentives from the government. On top of the federal solar investment tax credit, there are also some local benefits, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Middlebury

One of the reasons so many consider going solar is to help lower their environmental impact. Something many might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? The more power your house uses, the the more the environment will benefit when you switch to solar since you won't need to burn as many fossil fuels. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. As you can see, trading traditional energy for solar has so many other perks apart from saving money. One of the most important ones is that you can help save the environment too.