14 Best Solar Companies in Shelbyville, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Shelbyville

The cost of putting up a solar panel system has dropped greatly over the past several years, but it's still a large investment for most homeowners. Some important things that impact the upfront cost and potential savings over time include:

• The amount of sunlight your home gets: Due to Shelbyville's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• The kind of solar panels you can afford: This depends on how much you're willing to spend upfront.
• Energy consumption: Installing solar panels may be too steep of an investment for households that don't need too much energy each month.
• 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 local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $18,000 over 20 years with your system, too.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Shelbyville

Switching to solar power has plenty of wonderful benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. Local solar incentive programs depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. Take a look at the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Shelbyville

There are a few main reasons why homeowners are considering solar energy: to help their wallet and the environment. But you may be wondering — how much exactly can you help by using solar power? The average person has a sizable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions each year, and energy for their home, it can be overwhelming to figure out what to do. Installing solar panels is a simple thing you can do to help. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. Since solar power is renewable and produces electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the environment.