12 Best Solar Companies in Cotton Hill, MO (Mar 2023 Review)

The Cost and Benefits of Solar in Cotton Hill

While solar panels can save you a good amount of money on electricity bills over time, it's important to consider the startup costs. Some key things that influence the upfront cost and potential savings over time include:

• average energy usage: The more power your home consumes on average and the higher your current power bills are, the more benefits you'll see from going solar.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your utility bills over 20 years without incentives.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your house and your local electricity rates.

Solar Incentives in Cotton Hill

One of the good things about installing a solar panel system is earning federal and potentially state incentives. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. In addition, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. Our article on solar incentives has more in-depth information on the incentives you can benefit from in Cotton Hill.

Environmental Impact of Switching to Solar in Cotton Hill

Making the switch to solar power is a profound way to do your part for a more environmentally-friendly future. But how much can installing solar panels actually help the environment? If your household uses lots of energy, you can have an even greater impact on the planet by switching to solar energy. In fact, if you adopt solar power, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. As you can see, using solar power has so many other perks beyond saving money. One of the major ones is that you can help save the environment too.