18 Best Solar Companies in Mount Sterling, KY (Sep 2022 Review)

The Cost and Benefits of Solar in Mount Sterling

For many people considering switching to solar, the decision of which solar company to hire depends on total costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Electricity consumption: The average home in Mount Sterling uses a lot of energy, and so may see more savings on electricity bills than other places.
• The amount of sunlight your rooftop gets: Because of Mount Sterling's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• The model of solar panels you can afford: This hinges on what your budget is.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your power bills, which can give you an average of $15,000 of savings over 20 years.

Solar is a rewarding investment for most homeowners. You can generate your own power instead of paying for it from a utility company and benefit from solar incentives and rebates, all while helping the planet.

Solar Incentives in Mount Sterling

Since solar power is a cleaner source of energy than traditional energy sources, there are various government incentives available to encourage people to make the switch. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can use to further save. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Mount Sterling

If you're planning on adding solar panels to your home, one of the main reasons why may be to reduce your greenhouse gas emissions. Something many homeowners might have in mind is how much can they really help the environment by switching to solar power anyway? In a city like Mount Sterling where energy use is particularly high, installing solar panels is a great idea for homeowners who want to do their part for the environment. Once you go solar, your carbon dioxide emissions can be reduced by about 80 pounds each year. Since solar power is abundant and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the planet.