17 Best Solar Companies in Stanford, KY (Jan 2023 Review)

The Cost and Benefits of Solar in Stanford

While solar panels can help save you a decent chunk of change on energy bills over time, it's necessary to know the upfront costs. Some key factors that dictate the cost of installing solar panels on your home and how much money you could save over time include:

• 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 on your energy bills, which can lead to an average of $16,000 of savings over 20 years.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Stanford gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much you can save on your energy bills.
• Energy consumption: Solar may be an expensive option for homes that don't use a lot of energy each month.

There are many good benefits of solar despite the upfront cost of installation. It can help the Earth and your wallet. In addition, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Stanford

Adopting solar power has many considerable benefits. Not only can it help preserve the Earth, but you can also save some money on your installation with various government incentives. These incentives normally include cash rebates, tax benefits and/or solar renewable energy credits. They can cut the cost you pay for going solar by 30%, upwards of 50% depending on where you live. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Stanford.

Environmental Impact of Switching to Solar in Stanford

One of the most compelling reasons to switch to solar energy is to cut your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. A question many might be wondering about is how much can they really help the environment by going solar anyway? If your household consumes a lot of energy, you can have an even greater impact on the planet by switching to solar power. If you go solar, your carbon dioxide emissions can be cut 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.