12 Best Solar Companies in Wilmore, KY (Mar 2023 Review)

The Cost and Benefits of Solar in Wilmore

For many people considering switching to solar, the decision of which solar company to go with depends on total costs. The cost and possible savings vary depending on a few key factors such as:

• How much energy your home consumes: Households that consume lots of energy each month may need more solar panels and, as a result, more upfront cost, but will also benefit more over time.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets lots of sunlight.
• Choice of solar panels: The type of solar panels you get 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 you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your local electricity rates.

Solar Incentives in Wilmore

Since solar power is more sustainable than fossil fuels, there are various government incentives available to encourage people to make the switch. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially pair the ITC with other local incentives. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Wilmore

There are tons of reasons to trade traditional energy for solar power, like saving some money on electricity bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Wilmore, though. How much energy you use is a key factor to think about. The more energy your household consumes, the bigger your impact when you go solar. In Wilmore, the average person can reduce their carbon footprint by 80 pounds a year once they go solar. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.