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

The Cost and Benefits of Solar in Florence

We get that for many homeowners, the decision to invest in solar rests on installation costs. The cost and possible savings vary depending on some key factors such as:

• Energy consumption: Solar may be too pricey an option for families that don't use a lot of energy each month.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Your income and budget: This affects what model of solar panels you can get.
• The amount of sunlight your house gets: Because of Florence's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.

Although a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Florence

One of the great things about installing a solar panel system is earning incentives from the government. There are a lot of federal, state and local rebates and tax credits that may earn you some money in return after paying for a qualifying system. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Florence

If you're planning on adding solar panels to your home, one of the main reasons why may be to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Florence, though. In a city like Florence where energy use is particularly high, installing solar panels is a fantastic plan for homeowners who are worried about the state of the planet. After you go solar, your carbon dioxide emissions can be cut by about 80 pounds a year. As you can see, using solar power has so many other perks apart from saving money. One of the major ones is that you can help save the Earth too.