18 Best Solar Companies in Southgate, KY (Oct 2022 Review)

The Cost and Benefits of Solar in Southgate

While solar panels can save you a good amount of money on electricity bills over time, it's important to consider the upfront costs. A few main factors that affect how much it will cost to install a solar panel system on your home and how much money you could save over time are:

• Your location: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Electricity consumption: The average home in Southgate uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Choice of solar panels: The kind of solar panels you choose 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $12,000 on your utility bills over 20 years without incentives.

Solar is a valuable investment for most homeowners. You can produce your own power instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping protect the environment.

Solar Incentives in Southgate

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. 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 your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. You can learn about the incentives available to you in the table below.

Environmental Impact of Switching to Solar in Southgate

Many want to do their part to help protect the environment, which often is the primary motivation to install solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Southgate, though. Your energy usage is a significant factor to consider. The more electricity you use, the bigger your impact when you make the switch to solar power. In Southgate, the average person can lower their carbon footprint by 80 pounds a year once they go solar. For those who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.