18 Best Solar Companies in Yorktown, IN (Sep 2022 Review)

The Cost and Benefits of Solar in Yorktown

For lots of homeowners, whether or not you should invest in solar energy depends the most on the cost. A few main factors that dictate the cost of installing solar panels on your home and how much money you could save over time are:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. Plus, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• How much power your household needs: If your household uses a lot of energy, you'll see more savings from switching to solar.
• Your current electricity bills: Solar panels can greatly reduce, or entirely get rid of, your utility bills. In Yorktown, you can save an average of $132 a month.
• The amount of sunlight your home gets: Because of Yorktown's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

So is a solar panel system worth it? Whether you hope to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a good investment for many Yorktown homeowners.

Solar Incentives in Yorktown

Because solar power is a cleaner source of energy than fossil fuels, there are some government incentives available to encourage its adoption. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. For more information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Yorktown

An important reason so many homeowners are thinking of switching to solar power is to help lower their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Yorktown, though. As stated by the EPA, electricity generation is the second largest source of greenhouse gas emissions and about 62% of our electricity is generated by burning fossil fuels. Using solar power can help reduce that statistic in a city like Yorktown that is responsible for a sizable amount of carbon dioxide emissions each year. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other perks beyond saving money. One of the primary ones is that you can help save the planet too.