12 Best Solar Companies in Pikeville, KY (Jan 2023 Review)

The Cost and Benefits of Solar in Pikeville

The cost of installing solar panels has dropped greatly in the past few years, but it's still a large investment for most homeowners. There are several factors you should take into consideration when trying to figure out costs and your potential savings, such as:

• 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 various incentives that you can benefit from. Plus, you can save about $17,000 over 20 years on your utility bills, without incentives.
• average energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more likely you'll benefit from switching to solar.
• The amount of sunlight your home gets: Because of Pikeville's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Choice of solar panels: The kind of solar panels you are interested in getting 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.

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 the majority of homeowners.

Solar Incentives in Pikeville

If you're planning on switching to solar power, a variety of government incentives and state programs can dramatically lower the installation costs and speed up the return on your investment. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some state and city incentives that you can take advantage of to further save. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Pikeville

Making the switch to solar power is a great way to do your part for a cleaner and more sustainable future. But how much can installing solar panels actually affect the environment? In a city like Pikeville where energy use is particularly high, installing solar panels is a fantastic idea for those who are eco-conscious. In Pikeville, the average person can lower their carbon footprint by 90 pounds a year after going solar. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.