18 Best Solar Companies in Exeter, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Exeter

While solar panels can help save you money on power bills over time, it's necessary to consider the upfront costs. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your energy bills: This will influence your savings. In Exeter, the average resident can save about $1,000 a year on their electricity bills.
• The type of solar panels you can afford: This depends on what your budget is.
• Energy consumption: Installing solar panels may be a high-cost option for families that don't use too much energy per month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $16,000 over the first 20 years with your solar panels, too.

There are several great benefits of solar even with the initial cost of installation. It can help the planet and your wallet. Plus, it can raise the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Exeter

In order to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more financially viable and accessible. Local solar incentive programs depend on the location and, sometimes, utility company. Many states offer rebates for home solar power systems, in addition to the federal solar tax credit. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Exeter

Installing solar panels can have a meaningful impact on the environment. Something many homeowners might be asking themselves is how much can they really help preserve the environment by going solar anyway? The more power you use, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. Since solar energy is abundant and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help the environment.