10 Best Solar Companies in Prestonsburg, KY (Mar 2023 Review)

The Cost and Benefits of Solar in Prestonsburg

For a lot of homeowners, whether or not to invest in solar energy depends the most on the cost. Some main factors that affect how much it will cost to install solar panels on your home and how much it could save you over time are:

• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• The amount of sunlight your home gets: Thanks to Prestonsburg's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Typical energy usage: The more power your home uses on average and the larger your current power bills are, the more likely you'll benefit from making the switch to solar.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can result in an average of $17,000 of savings over 20 years.

There are lots of good benefits of solar even with the upfront cost of installation. It can help the planet and your finances. Plus, it can boost the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Prestonsburg

If you're thinking about switching to solar energy, several government incentives and subsidies can immensely bring down your project costs and expedite the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Prestonsburg

If you want to add solar panels to your home, one of the primary reasons why may be to lower your greenhouse gas emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Prestonsburg, though. How much energy you use is a key factor to consider. The more power you use, the bigger your impact when you go solar. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 80 pounds each year. As you can see, investing in solar has so many other perks outside of saving money. One of the most important ones is that you can help save the Earth too.