12 Best Solar Companies in Salem, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Salem

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your system. Some significant things that influence the upfront cost and potential savings over time include:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• The amount of sunlight your rooftop gets: Due to Salem's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• How much power your household consumes: Households that need plenty of energy each month may call for more solar panels and, therefore, more upfront cost, but will also enjoy more savings over time.
• The make and model of solar panels you want to get: Some have higher prices, so that will shape your budget for your solar project.

Solar is a profitable investment for most homeowners. You can generate your own energy instead of paying for it from the grid and make use of solar incentives and rebates, all while helping the Earth.

Solar Incentives in Salem

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make going solar more economical and accessible. When you install a solar panel system on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some regional incentives that you can use to further save. For comprehensive information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Salem

Many want to do what they can to help save the planet, which for many is the primary motivation to install solar panels. But how much can using solar energy instead of traditional energy actually help the environment? The more power your household uses, the better off the planet will be when you switch to solar as you won't have to use as much nonrenewable energy. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for 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, going solar has so many other rewards beyond saving money. One of the primary ones is that you can help save the planet too.