12 Best Solar Companies in Fort Thomas, KY (Oct 2022 Review)

The Cost and Benefits of Solar in Fort Thomas

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your panels. The overall price and potential savings vary depending on a few key factors such as:

• Whether or not your roof gets a lot of direct sunlight: This, and how your roof is set up, affects affect how much energy your solar panels can make.
• Energy consumption: Solar may be an expensive option for homes that don't use a good amount of energy each month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $12,000 over the first 20 years with your solar panels, too.
• Your income and budget: This affects what type of solar panels you can buy.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the angle of your roof and your local electricity rates.

Solar Incentives in Fort Thomas

Adopting solar power has many great benefits. Not only can it help protect the environment, but you can also save a decent amount of money on your installation with various government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Fort Thomas

One of the best reasons to adopt solar power is to cut your dependence on traditional energy sources like burning fossil fuels, which are hazardous for the environment. Something many homeowners might have in mind is how much can they really help save the environment by going solar anyway? In a city like Fort Thomas where energy use is particularly high, installing solar panels is a fantastic plan for those who are eco-conscious. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 80 pounds each year. As you can see, using solar power has so many other perks besides saving money. One of the most important ones is that you can help save the environment too.