10 Best Solar Companies in Shelbyville, IN (Aug 2022 Review)

The Cost and Benefits of Solar in Shelbyville

We get that for lots of homeowners, the choice to invest in solar rests on installation costs. The cost and possible savings vary depending on a few important factors such as:

• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• Energy consumption: Solar may be too steep of an investment for homes that don't need a lot of energy a month.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 26% of the project cost. Your state may also have incentives and rebates that you can take advantage of. Additionally, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.

So is buying solar panels worth it? Whether you're trying to decrease your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Shelbyville homeowners.

Solar Incentives in Shelbyville

If you're considering making the switch to solar power, a number of government incentives and tax credits can immensely reduce your project costs and expedite the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other local incentives. Take a look at the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Shelbyville

Making the switch to solar power is a good way to do what you can for a greener future. But you may be wondering — how much exactly can you help the environment by using solar power? As stated by the EPA, electricity production is the second biggest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Switching to a clean energy source like solar power can help bring down that statistic in a city like Shelbyville that produces a sizable amount of carbon dioxide emissions each year. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar power is abundant and produces electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help the planet.