18 Best Solar Companies in Maryville, MO (Sep 2022 Review)

The Cost and Benefits of Solar in Maryville

For the majority of homeowners, the decision to invest in solar panels depends the most on the cost. The cost and possible savings vary depending on some key factors such as:

• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on electric bills than a roof that gets lots of sunlight.
• Your income and budget: This guides what model of solar panels you can afford.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly 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 $21,000 over 20 years with your solar system, too.
• Electricity consumption: The average household in Maryville uses a decent amount of, and consequently may save on their energy bills.

There are several good benefits of solar despite the initial cost of installation. It can help the Earth and your bank account. Plus, it can increase the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Maryville

If you're planning on making the switch to solar energy, various government incentives and subsidies can dramatically bring down your project costs and speed up the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. Take a look at the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Maryville

There are a few main reasons why homeowners want to invest in solar energy: to help their wallet and the environment. But you may be curious — how much exactly can you help the environment by making the switch to solar? According to the EPA, electricity generation is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Using solar power can help lower that number in a city like Maryville that is responsible for a sizable amount of carbon dioxide emissions each year. Even though solar panel production emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used traditional energy. In Maryville, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, using solar power has so many other perks besides saving money. One of the main ones is that you can help save the planet too.