12 Best Solar Companies in Hazard, KY (Jan 2023 Review)

The Cost and Benefits of Solar in Hazard

For many homeowners, the decision to invest in solar panels comes down to the cost. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive 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.
• average energy usage: The more power your home uses on average and the greater your current power bills are, the more money you could save by going solar.
• 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 taxes. In addition, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• The amount of 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 energy bills than a house with a roof that gets lots of sunlight.

There are lots of good benefits of solar in spite of the upfront cost of installation. It can help the Earth and your finances. Plus, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Hazard

If you're planning on switching to solar power, a variety of government incentives and subsidies can greatly reduce the cost of the project and speed up the return on your investment. In addition to the federal solar investment tax credit, there are also some state- and city-level incentives, which in most cases, stack with the federal incentive, so you get to save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Hazard

One of the best reasons to switch to solar energy is to cut your dependence on traditional energy sources like burning fossil fuels, which are damaging for the environment. Something many homeowners might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? Everyone can help save the planet by switching to solar energy, but homes that consume more energy will have a bigger impact. Because solar panels don't release greenhouse gas 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 90 pounds each year. Since energy from the sun is plentiful and produces electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help preserve the planet.