13 Best Solar Companies in Castor, MO (Feb 2023 Review)

The Cost and Benefits of Solar in Castor

For many homeowners, the decision to invest in solar panels comes down to the cost. Some key things that impact how much it will cost and how much you could save include:

• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• 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 $16,000 over 20 years with your solar system, too.
• The type of solar panel system you can afford: This hinges on how much you're willing to invest upfront.
• average energy usage: The more energy your home consumes on average and the steeper your current energy bills are, the more likely you'll benefit from going solar.

Although a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, like the size of your house and your current power bills.

Solar Incentives in Castor

Although solar power is typically a big investment, it can save you a considerable amount of money over the lifespan of your solar panels because of lower utility bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Castor

If you're thinking of adding solar panels to your home, one of the main reasons why may be to lower your carbon dioxide emissions. A question many might be asking themselves is how much can they really help save the environment by switching to solar power anyway? No matter where you are, you can help the planet by switching to solar energy, but homes that use more energy will have a greater impact. After you go solar, your carbon emissions can be lowered by about 100 pounds a year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.