17 Best Solar Companies in Scottsburg, IN (Sep 2022 Review)

The Cost and Benefits of Solar in Scottsburg

For the majority of homeowners, the decision to invest in solar panels boils down to the cost. A few main factors that determine the cost of installing solar panels on your home and how much money you could save over time are:

• How much energy your home consumes: Households that consume plenty of power each month may require more solar panels and, consequently, be more costly, but will also benefit more over time.
• Where your home is: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or 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.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Scottsburg

There are lots of reasons why adopting solar power is beneficial. One of them consists of some government incentives that can help save you some money. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially stack the ITC with other state and city incentives. Check out the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Scottsburg

One of the best reasons to adopt solar power is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But you may be wondering — how much exactly can you help by going solar? In a city like Scottsburg where energy use is particularly high, switching to solar energy is a fantastic plan for homeowners who care about the planet. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.