17 Best Solar Companies in Somerset, KY (Sep 2022 Review)

The Cost and Benefits of Solar in Somerset

For many people, the decision of which solar installer to go with comes down to prices. A few important factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time are:

• Incentives: Those who install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years without incentives.
• Energy consumption: Solar may be too pricey an investment for families that don't consume too much energy a month.
• Average daily sunlight: Since Somerset gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your electricity bills will be.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Because of solar panels decreasing in cost as well as several solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in Somerset

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more financially viable and accessible. State and city solar incentives vary by location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. You can find out about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Somerset

There are a few primary reasons why many people are considering solar energy: for the good of their bank accounts and the planet. You may be trying to figure out — how much does making the switch help the planet anyway? If your home uses lots of energy, you can impact the environment even more by switching to solar power. Because solar panels don't release CO2 emissions into the atmosphere when creating 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. The advantages of solar power are infinite — just like solar power is! That's why so many people have been happy with committing to solar.