16 Best Solar Companies in Burlington, KY (Mar 2023 Review)

The Cost and Benefits of Solar in Burlington

For a lot of homeowners, whether or not you should invest in solar panels boils down to the cost. There are quite a few factors you should consider when determining costs and your potential savings, including:

• Your current electricity bills: Solar panels can significantly decrease, or entirely eradicate, your utility bills. In Burlington, you can save an average of $121 a month.
• The amount of sunlight your roof gets: Because of Burlington's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Incentives: One thing 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 result in an average of $14,000 of savings over 20 years.

Due to solar panels now being cheaper than ever as well as various solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Burlington

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over the lifespan of your solar panels because of lower power bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Burlington

Going solar can have a beneficial impact on the environment. A question many people might be asking themselves is how much can they really help protect the environment by going solar anyway? In a city like Burlington where energy use is particularly high, making the switch to solar power is a fantastic idea for homeowners who want to do their part for the environment. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 80 pounds each year. As you can see, trading traditional energy for solar has so many other rewards besides saving money. One of the most important ones is that you can help save the environment too.