11 Best Solar Companies in Mishawaka, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Mishawaka

For a lot of homeowners, whether or not you should invest in solar energy depends the most on the cost. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Plus, you can save about $18,000 over 20 years on your utility bills, before factoring in incentives.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on energy bills than someone with a roof that gets lots of sunlight.
• How much energy your home consumes: Households that consume plenty of electricity each month may require more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.

Because of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Mishawaka

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar more affordable and accessible. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can cut the cost of going solar by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Mishawaka

One reason so many people consider switching to solar power is to help reduce their environmental impact. A question many might have in mind is how much can they really help preserve the environment by switching to solar power anyway? The more energy you use, the better off the planet will be if you switch to solar since you won't need to use as much nonrenewable energy. Once you go solar, your carbon footprint can be lowered by about 90 pounds each year. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.