13 Best Solar Companies in Valparaiso, IN (Jan 2023 Review)

The Cost and Benefits of Solar in Valparaiso

The cost of putting up solar panels has dropped greatly over the past several years, but it's still a large investment for most homeowners. There are a few factors you should take into consideration when trying to figure out costs and your potential savings, including:

• Your energy bills: This will impact how much you can save. In Valparaiso, the average homeowner can save about $1,800 a year on their electricity bills.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on power bills than someone with a roof that gets plenty of sunlight.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your power bills, which can lead to an average of $19,000 of savings over 20 years.
• Choice of solar panels: The kind of solar panels you are interested in getting 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 go with a higher number of more affordable panels.

Solar is a valuable investment for most homeowners. You can make your own electricity instead of paying for it from the grid and take advantage of solar tax credits and rebates, all while helping the environment.

Solar Incentives in Valparaiso

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. For detailed information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Valparaiso

There are many reasons to trade traditional energy for solar energy, like saving on utility bills and helping to lower your carbon footprint. You may be trying to figure out — how much does going solar help the planet anyway? No matter where you are, you can help protect the environment by switching to solar energy, but homes that consume lots of energy will have an even greater impact. In Valparaiso, the average person can lower their carbon footprint by 90 pounds a year once they go solar. As you can see, using solar power has so many other perks outside of saving money. One of the primary ones is that you can help save the environment too.