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

The Cost and Benefits of Solar in Malden

For many homeowners, the decision to invest in solar panels depends the most on the cost. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $17,000 over 20 years on your utility bills, before factoring in incentives.
• Choice of solar panels: The kind of solar panels you are interested in getting 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 space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Average daily sunlight: Since Malden gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• average energy usage: The more energy your home uses on average and the larger your current energy bills are, the more money you could save by going solar.

Solar is a fruitful investment for most homeowners. You can generate your own power instead of paying for it from a utility company and make use of solar tax credits and rebates, all while helping protect the planet.

Solar Incentives in Malden

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. No matter 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 on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Malden

One reason so many homeowners are considering adopting solar energy is to help reduce their environmental impact. But how much can using solar energy instead of traditional energy actually help the environment? The amount of energy you use is an important factor to consider. The more electricity your household consumes, the larger your impact when you make the switch to solar power. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Malden, you can reduce your carbon footprint by 100 pounds a year with solar panels. The advantages of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with committing to solar.