15 Best Solar Companies in Muncie, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Muncie

The cost of putting up solar panels has dropped significantly over the past several years, but it's still a large investment for most homeowners. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your 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 $17,000 over 20 years with your system, too.
• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• How much energy your home consumes: Homes that need lots of electricity each month may call for more solar panels and, as a result, more upfront cost, but will also enjoy more savings over time.
• The model of solar panel system you have the money for: This is dependent on how much you're willing to invest upfront.

Solar is a rewarding investment for most homeowners. You can produce your own power instead of paying for it from the grid and make use of solar tax credits and rebates, all while helping preserve the Earth.

Solar Incentives in Muncie

To increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other state and city rebates and benefits. Our article on solar incentives goes over more information on the incentives you can benefit from in Muncie.

Environmental Impact of Switching to Solar in Muncie

Many want to do their part to help save the environment, which in many cases is the main reason they're interested in installing solar panels. But you may be curious — how much exactly can you help by going solar? Regardless of your location, you can help protect the planet by switching to solar energy, but homes that use more energy will have a bigger impact. In Muncie, the average household can lower their carbon footprint by 90 pounds a year once they go solar. Since solar energy is abundant and generates electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help protect the planet.