16 Best Solar Companies in Morehead, KY (Jan 2023 Review)

The Cost and Benefits of Solar in Morehead

The cost of putting up a solar panel system has gone down immensely in the past few years, but it's still a substantial investment for most homeowners. There are quite a few factors you should consider when trying to determine how much it will cost and how much you can save, including:

• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• 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. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Electricity consumption: The average home in Morehead uses a lot of energy, and so may see more savings on electricity bills than other places.
• The amount of sunlight your area gets: Thanks to Morehead's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

So are solar panels worth it? Whether you'd like to lower your electric bills, carbon emissions or both, solar panels are a solid investment for many Morehead homeowners.

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 our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Morehead

One of the best reasons to switch to solar power is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But — how much exactly can you help by going solar? Everyone can help the environment by switching to solar energy, but homes that consume more energy will have a greater impact. 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. If you want to do your part for the environment, you'll likely get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.