14 Best Solar Companies in Chillicothe, MO (Oct 2022 Review)

The Cost and Benefits of Solar in Chillicothe

While solar panels can help save you money on power bills over time, it's important to know the startup costs. The overall price and potential savings vary depending on a few important factors such as:

• Your energy consumption: If your family needs to use a lot of energy, you'll benefit more from switching to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $17,000 over 20 years with your system, too.
• Your home's orientation toward the sun: This, and the configuration of your roof, affects affect how much energy your solar panels can produce.
• Choice of solar panels: The type of solar panels you are interested in getting 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.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and your current power bills.

Solar Incentives in Chillicothe

Although solar power is typically a large investment, it can save you a substantial amount of money in the long term due to reduced power bills and government incentives. These incentives normally consist of cash rebates, tax breaks and/or performance-based incentives. They can cut the cost of going solar by 26 to 50% in some cases. For more information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Chillicothe

Installing solar panels can have a beneficial effect on the environment. A question many homeowners might have in mind is how much can they really help save the environment by switching to solar power anyway? How much energy you use is a significant factor to consider. The more electricity you use, the bigger your impact when you make the switch to solar power. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 100 pounds each year. Since solar power is renewable and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help preserve the planet.