12 Best Solar Companies in Reidland, KY (Feb 2023 Review)

The Cost and Benefits of Solar in Reidland

We get that for lots of homeowners, the decision to invest in solar rests on installation costs. There are a few factors you should consider when determining how much it will cost and how much you can save, including:

• Choice of solar panels: The type of solar panels you buy 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your energy consumption: If your household needs to use a lot of energy, you'll reap more rewards from going solar.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on electricity bills than a house with a roof that gets lots of sunlight.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of installing your solar panel system from your taxes. Plus, not including incentives, you can save about $20,000 over 20 years on your energy bills.

There are lots of great benefits of solar despite the initial cost of installation. It can help the Earth and your wallet. Plus, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Reidland

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money in the long term because of reduced energy bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some state and city incentives you can benefit from too. Check out our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Reidland

Making the switch to solar power is a powerful way to do what you can for a more eco-friendly future. But you may be curious — how much exactly can you help by using solar power? If your family consumes lots of energy, you can have an even greater impact on the planet by switching to solar power. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 80 pounds each year. If you care about the environment, you'll most likely understand 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 priceless.