12 Best Solar Companies in Palmyra, KS (Oct 2022 Review)

The Cost and Benefits of Solar in Palmyra

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your system. Some significant things that determine the upfront cost and potential savings over time include:

• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on electricity bills than someone with a roof that gets lots of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $21,000 over 20 years on your energy 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Energy consumption: Installing a solar system may be an expensive option for households that don't need too much energy per month.

Solar is a fruitful investment for most homeowners. You can make your own electricity instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping preserve the environment.

Solar Incentives in Palmyra

Because solar power is better for the environment than burning fossil fuels, there are various government incentives in place to encourage its adoption. On top of the federal tax credit incentive, there are also some local programs, which in the majority of cases, stack with the federal incentive, so you can save even more. The table below lets you know about the incentives you can take advantage of in Palmyra.

Environmental Impact of Switching to Solar in Palmyra

If you're thinking of adding solar panels to your home, one of the primary reasons why may be to reduce your carbon footprint. But you may be wondering — how much exactly can you help the environment by using solar power? The more energy your household uses, the the more the environment will benefit if you switch to solar as you won't have to rely on traditional energy sources as much. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other benefits beyond saving money. One of the primary ones is that you can help save the Earth too.