18 Best Solar Companies in Park Hills, KY (2023 Reviews)

The Cost and Benefits of Solar in Park Hills

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your system. Some key factors that influence how much it will cost to install solar panels on your home and how much money you could save over time include:

• Energy consumption: Installing a solar system may be too pricey an option for households that don't need a lot of energy a month.
• Your income and budget: This affects what kind of solar panels you can afford.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. Additionally, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• Whether or not your roof gets a lot of direct sunlight: This, plus your roof configuration, affects affect how much electricity your solar panels can generate.

As a result of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Park Hills

If you're considering switching to solar energy, various government incentives and subsidies can immensely lower the installation costs and speed up the return on your investment. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money back after buying solar panels. In our article on solar incentives, you can find out about the incentives you qualify for in Park Hills.

Environmental Impact of Switching to Solar in Park Hills

There are a few key reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Park Hills, though. In a city like Park Hills where energy use is particularly high, switching to solar energy is a good idea for households who want to do their part for the environment. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Park Hills, you can reduce your carbon footprint by 80 pounds a year with solar panels. If you care about the environment, you'll no doubt find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is worth more.