11 Best Solar Companies in Wales, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Wales

For lots of homeowners, whether or not you should invest in solar panels boils down to the cost. Some significant things that influence how much it will cost and how much you could save include:

• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Your household's power bills: Based on the fairly high monthly electric bills in Wales, you could save about $1,000 a year with solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• How much energy you use: If your home needs to use a lot of energy, you'll reap more rewards from installing solar panels.

So is a solar system worth it? Whether you'd like to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a solid investment for many Wales homeowners.

Solar Incentives in Wales

If you're thinking about making the switch to solar power, several government incentives and solar rebates can immensely lower your project costs and expedite the return on your investment. When you install a solar panel system on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can benefit from to further save. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Wales

There are tons of reasons to switch to solar power, like saving money on electricity bills and helping to reduce your carbon footprint. But how much can switching to solar actually help the environment? Adopting solar power is a sustainable choice for the environment, because the largest source of greenhouse gas emissions in the U.S. is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. As you can see, using solar power has so many other rewards besides saving money. One of the primary ones is that you can help save the Earth too.