13 Best Solar Companies in Portage, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Portage

The cost of putting up a solar panel system has gone down greatly in the past few years, but it's still a large investment for most homeowners. Some important things that impact how much it will cost and how much you could save include:

• Energy consumption: Installing a solar system may be too pricey an option for families that don't need a good amount of energy a month.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: Those who purchase and install a solar system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $20,000 on your energy bills over 20 years excluding incentives.
• Average daily sunlight: Since Portage gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your current power bills.

Solar Incentives in Portage

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make going solar 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 panel system. You can also potentially stack the ITC with other local incentives. Take a look at our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Portage

Going solar can have a meaningful impact on the environment. A question many homeowners might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? How much energy you use is an important factor to consider. The more energy your home uses, the bigger your impact when you switch to solar energy. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Portage, you can reduce your carbon footprint by 90 pounds a year with solar panels. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.