17 Best Solar Companies in Noblesville, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Noblesville

Even though solar panels can help save you a good amount of money on power bills over time, it's important to take into consideration the upfront costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things 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 lets you deduct from your taxes a percentage of the project cost. You can also save money on your energy bills, which can lead to an average of $16,000 of savings over 20 years.
• Typical energy usage: The more electricity your home consumes on average and the higher your current electricity bills are, the more likely you'll benefit from switching to solar.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electric bills than a roof that gets plenty of sunlight.
• The model of solar panels you're planning on getting: Higher-efficiency panels cost more, so that will affect your budget for your solar project.

There are lots of great benefits of solar even with the initial cost of installation. It can help the environment and your bank account. Plus, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Noblesville

One of the good things about installing a solar panel system is receiving incentives from the government. In addition to the federal solar investment tax credit, there are also some local incentives, which in almost all cases, stack with the federal incentive, so you can save even more. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Noblesville

One of the most compelling reasons to use solar power is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Noblesville, though. The more power your household uses, the the more the environment will benefit if you switch to solar as you won't need to burn as many fossil fuels. Although solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Noblesville, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, using solar power has so many other benefits apart from saving money. One of the most important ones is that you can help save the planet too.