13 Best Solar Companies in Grain Valley, MO (Oct 2022 Review)

The Cost and Benefits of Solar in Grain Valley

The cost of installing a solar panel system has decreased significantly in the past several years, but it's still a substantial investment for most homeowners. Some key factors that affect the cost of installing solar panels on your home and how much money you could save over time are:

• Your energy consumption: If your home uses a lot of energy, you'll reap more rewards from installing solar panels.
• 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 can help you save even more. Excluding incentives, you can save an average of $18,000 over the first 20 years with your solar system, too.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much electricity your solar panels can generate.

There are many good benefits of solar in spite of the upfront cost of installation. It can help the planet and your wallet. Additionally, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Grain Valley

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. In addition to the federal tax credit incentive, there are also some state- and city-level incentives, which in the majority of cases, stack with the federal incentive, so you get to save even more. In the table below, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Grain Valley

A lot of people want to do their part for the environment, which often is the chief reason for installing a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Grain Valley, though. If your home uses lots of energy, you can impact the environment even more by switching to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.