16 Best Solar Companies in Rineyville, KY (Mar 2023 Review)

The Cost and Benefits of Solar in Rineyville

When deciding on a solar company, most homeowners or business owners wonder about the costs the most. Some significant things that influence how much it will cost and how much you could save include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $16,000 over the first 20 years with your system, too.
• How much power your household needs: If your family regularly uses a lot of energy, you'll reap more rewards from switching to solar.
• The type of solar panels you can buy: This hinges on your income and budget.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electric bills than a roof that gets lots of sunlight.

Solar is a profitable investment for most homeowners. You can produce your own energy instead of paying for it from the grid and take advantage of solar incentives, all while helping preserve the environment.

Solar Incentives in Rineyville

In order to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. When you install a solar panel system on your house, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Our article on solar incentives goes over more in-depth information on the incentives you can take advantage of in Rineyville.

Environmental Impact of Switching to Solar in Rineyville

If you're considering adding solar panels to your home, one of the main reasons why may be to lower your reliance on nonrenewable energy. You may be curious — how much does making the switch help the planet anyway? If your home consumes a lot of energy, you can impact the environment even more by switching to solar power. If you go solar, your carbon emissions can be cut by about 80 pounds each year. If you want to do your part for the environment, you'll no doubt find that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.