16 Best Solar Companies in Morehead, KY (Sep 2022 Review)

The Cost and Benefits of Solar in Morehead

We get that for lots of homeowners, the choice to invest in solar hinges on installation costs. Some important things that impact how much it will cost and how much you could save include:

• Average daily sunlight: Since Morehead gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much your electricity bills will be.
• How much electricity your home consumes: Homes that need a lot of electricity each month may need more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. In addition, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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.

There are many good benefits of solar even with the initial cost of installation. It can help the environment and your wallet. In addition, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Morehead

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. Take a look at the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Morehead

One of the reasons so many people are considering adopting solar energy is to help reduce their environmental impact. A question many people might be wondering about is how much can they really help preserve the environment by going solar anyway? In a city like Morehead where energy use is particularly high, going solar is a great plan for people who are worried about the state of the planet. 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 be looking at reducing your carbon dioxide emissions by about 80 pounds each year. As you can see, using solar power has so many other benefits outside of saving money. One of the most important ones is that you can help save the planet too.