16 Best Solar Companies in Zionsville, IN (Sep 2022 Review)

The Cost and Benefits of Solar in Zionsville

Even though solar panels can help save you a decent chunk of change on electricity bills over time, it's important to consider the startup costs. There are several factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• Energy consumption: Installing a solar system may be too steep of an investment for households that don't need a good amount of energy per month.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $17,000 on your electricity bills over 20 years excluding incentives.
• The type of solar panels you're planning on getting: More high-tech panels are more expensive, so that will determine your budget for your solar project.
• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.

Because of solar panels now being cheaper than ever as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Zionsville

Although solar power is typically a big investment, it can save you a lot of money over several years due to lower power bills and government incentives. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out the table below to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Zionsville

An important reason so many homeowners are thinking of installing solar panels is to help lower their environmental impact. You may be asking yourself — how much do solar panels do for the environment anyway? The more energy your family uses, the better off the planet will be when you switch to solar as you won't have to burn as many fossil fuels. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.