16 Best Solar Companies in Westfield, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Westfield

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will need to pay to install your system. The cost of solar and the savings it generates vary depending on some important factors such as:

• Your home's orientation toward the sun: This, plus the configuration of your roof, affects affect how much electricity your solar panels can produce.
• How much energy costs for you: If your local utility rates are especially high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Westfield, you can save an average of $131 a month on your electricity bills.
• Choice of solar panels: The type of solar panels you need 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 opt for a higher number of more affordable panels.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your utility bills, which can give you an average of $17,000 of savings over 20 years.

Due to solar panels now being cheaper than ever as well as several solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Westfield

One of the benefits of installing a solar panel system is earning federal and potentially state incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Westfield

Replacing nonrenewable energy with solar power is a powerful way to do what you can for a cleaner and more sustainable future. You may be curious — how much do solar panels help the environment anyway? If your family uses lots of energy, you can have an even greater impact on the planet by switching to solar power. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll most likely understand that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.