14 Best Solar Companies in Fenton, MO (Sep 2022 Review)

The Cost and Benefits of Solar in Fenton

For many homeowners, whether or not you should invest in solar panels comes down to the cost. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your home gets: Because of Fenton's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• How much energy costs for you: If your local power rates are quite high, there's a good chance you'll see a higher return on your investment in a solar system. In Fenton, you can save an average of $103 a month on your electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 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 $16,000 over the first 20 years with your solar system, too.
• The type and model of solar panels you're planning on getting: Some cost more, so that will affect your budget for your solar project.

Although a solar panel system costs a good 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 solar panel system and your current power bills.

Solar Incentives in Fenton

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over time because of smaller utility bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. In the table below, you can see the incentives you qualify for in Fenton.

Environmental Impact of Switching to Solar in Fenton

Many want to do their part to help the environment, which for many is the primary reason for installing solar panels. You may be trying to figure out — how much do solar panels do for the environment anyway? Regardless of your location, you can help the environment by switching to solar energy, but homes that use a lot of energy will have an even greater impact. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. Since solar power is abundant and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the planet.