18 Best Solar Companies in South Bend, IN (Jun 2022 Review)

The Cost and Benefits of Solar in South Bend

For many people considering switching to solar, the decision of which solar company to choose depends on how much it'll cost. Some key things that influence how much it will cost and how much you could save include:

• The type of solar panels you want to get: Higher-efficiency panels are more highly priced, so that will influence your budget for your solar project.
• How much electricity your household consumes: Households that use plenty of electricity each month may call for more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.
• Your city: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Plus, you can save about $17,000 over 20 years on your utility bills, before factoring in incentives.

Because of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in South Bend

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 26% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some local incentives you can benefit from too. The table below lets you know about the incentives you can take advantage of in South Bend.

Environmental Impact of Switching to Solar in South Bend

Many want to do their part for the planet, which for many is the main reason for installing a solar system. But how much can installing solar panels actually affect the environment? In a city like South Bend where energy use is particularly high, switching to solar energy is a good plan for homeowners who are worried about the state of the planet. If you go solar, your carbon dioxide emissions can be lowered by about 90 pounds every year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.