17 Best Solar Companies in Hannibal, MO (Mar 2023 Review)

The Cost and Benefits of Solar in Hannibal

Even though solar panels can save you a decent chunk of change on power bills over time, it's necessary to know the upfront costs. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. Additionally, you can save about $18,000 over 20 years on your utility bills, before factoring in incentives.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will leave you with lower savings on electric bills than a roof that gets plenty of sunlight.
• Energy consumption: Installing solar panels may be a high-cost investment for families that don't consume too much energy each month.

Because of solar panels now being cheaper than ever as well as local and federal solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Hannibal

Although installing solar panels is typically a large investment, it can save you a significant amount of money over time because of smaller power bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. For detailed information about incentives for homeowners in Hannibal, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Hannibal

There are many reasons to trade traditional energy for solar energy, like saving on electricity bills and helping to reduce your carbon footprint. You may be wondering — how much does going solar do for the planet anyway? Everyone can help protect the planet by switching to solar energy, but homes that consume lots of energy will have an even bigger impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. The advantages of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with using solar energy.