18 Best Solar Companies in Versailles, KY (Mar 2023 Review)

The Cost and Benefits of Solar in Versailles

The cost of putting up solar panels has gone down immensely in the past several years, but it's still a large investment for most homeowners. Some key things that influence how much it will cost and how much you could save include:

• Incentives: Something that can make your solar project cost less 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 give you an average of $15,000 of savings over 20 years.
• Average daily sunlight: Since Versailles 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.
• Electricity consumption: The average home in Versailles uses a lot of energy, and so may see more savings on electricity bills than other places.
• Choice of solar panels: The type of solar panels you are interested in getting 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.

Solar is a rewarding investment for most homeowners. You can make your own electricity instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping protect the planet.

Solar Incentives in Versailles

Adopting solar power has lots of great benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. Take a look at our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Versailles

One of the most compelling reasons to tap into solar energy is to reduce your dependence on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? If your household uses a lot of energy, you can help the environment even more by switching to solar power. In fact, if you make the switch to solar power, you could reduce your carbon dioxide emissions by about 80 pounds each year. As you can see, investing in solar has so many other rewards besides saving money. One of the main ones is that you can help save the environment too.