12 Best Solar Companies in Pikeville, KY (Sep 2022 Review)

The Cost and Benefits of Solar in Pikeville

For many readers, the decision of which solar company to choose depends on pricing. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and city may also have various incentives that you can use. Plus, you can save about $17,000 over 20 years on your utility bills, without incentives.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your energy consumption: If your family needs to use a lot of energy, you'll reap more rewards from going solar.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar system won't be able to make as much energy, which will leave you with lower savings on electricity bills than someone with a roof that gets plenty of sunlight.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your solar panel system and your energy consumption.

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 the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Pikeville

There are a few key reasons why homeowners want to invest in solar energy: to help their wallet and the environment. A question many homeowners might be wondering about is how much can they really help save the environment by going solar anyway? In a city like Pikeville where energy use is particularly high, installing solar panels is a fantastic idea for those who are eco-conscious. While making solar panels 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 Pikeville, you can reduce your carbon footprint by 90 pounds a year with solar panels. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.