15 Best Solar Companies in North Vernon, IN (Oct 2022 Review)

The Cost and Benefits of Solar in North Vernon

The cost of installing a solar panel system has dropped immensely in the past few years, but it's still a substantial investment for most homeowners. Some key factors that affect how much it will cost to install solar panels on your home and how much money you could save over time include:

• The kind of solar panels you can afford: This is dependent on how much you're willing to invest upfront.
• Electricity consumption: The average home in North Vernon uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.
• Average daily sunlight: Since North Vernon gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your electricity bills will be.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the size of your house and your current power bills.

Solar Incentives in North Vernon

To increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make solar more affordable and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially use the ITC with other local incentives. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in North Vernon

There are a few main reasons why people want to invest in solar energy: to put more money in their bank account and to help the planet. But you may be wondering — how much exactly can you help by going solar? Switching to clean energy for electricity instead of using nonrenewable energy is an effective way to lower your carbon footprint if you want to help reduce North Vernon's sizable level of greenhouse gas emissions. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other perks outside of saving money. One of the most important ones is that you can help save the Earth too.