16 Best Solar Companies in Owensboro, KY (2023 Reviews)

The Cost and Benefits of Solar in Owensboro

The cost of putting up solar panels has dropped immensely in the past several years, but it's still a large investment for most homeowners. There are several factors you should take into consideration when determining how much it will cost and how much you can save, including:

• Electricity consumption: The average home in Owensboro uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Additionally, you can save about $19,000 over 20 years on your utility bills, without incentives.
• Your city: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.

Thanks to the cost of solar panels being lower than before as well as various solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Owensboro

Adopting solar power has many great benefits. Not only can it help preserve the Earth, but you can also save a good amount of money on your installation with various government incentives. These incentives usually include cash rebates, tax benefits and/or solar renewable energy credits. They can reduce the cost of installing solar panels by 30%, upwards of 50% depending on your location. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Owensboro

One of the reasons so many consider adopting solar energy is to help reduce their environmental impact. A question many might be wondering about is how much can they really help preserve the environment by switching to solar power anyway? In a city like Owensboro where energy use is particularly high, switching to solar energy is a great plan for those who care about the planet. In Owensboro, the average resident can reduce their carbon footprint by 80 pounds a year once they go solar. If you want to do your part for the environment, you'll no doubt find that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.