18 Best Solar Companies in Villa Hills, KY (Jan 2023 Review)

The Cost and Benefits of Solar in Villa Hills

Although solar panels can save you a decent chunk of change on energy bills over time, it's important to know the startup costs. The cost of solar and the savings it generates vary depending on a few key factors such as:

• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets a lot of sunlight.
• The cost of energy for you: If your local power rates are especially high, there's a good chance you'll see a higher return on your investment in a solar panel system. In Villa Hills, you can save an average of $121 a month on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $14,000 over 20 years with your solar panels, too.
• Choice of solar panels: The kind of solar panels you need 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

There are many wonderful benefits of solar even with the upfront cost of installation. It can help the environment and your finances. Plus, it can boost the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Villa Hills

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. For detailed information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Villa Hills

There are a few big reasons why many people are interested in solar energy: for the financial and environmental benefits. But you may be wondering — how much exactly can you help the planet by making the switch to solar? Regardless of your location, you can help save the planet by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 80 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.