14 Best Solar Companies in Northwoods, MO (Jul 2022 Review)

The Cost and Benefits of Solar in Northwoods

The cost of installing solar panels has decreased significantly in the past several years, but it's still a large investment for most homeowners. Some important factors that determine how much it will cost to install solar panels on your home and how much it could save you over time include:

• Energy consumption: Installing a solar system may be a high-cost option for households that don't use too much energy each month.
• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets plenty of sunlight.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 26% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $17,000 over 20 years with your system, too.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Northwoods

Switching to solar power has plenty of wonderful benefits. Not only can it help protect the Earth, but you can also save some money on your installation with various government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 26% of your project costs when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. Check out the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Northwoods

A lot of people want to do what they can to help the planet, which in many cases is the chief reason for installing a solar system. A question many people might be thinking about is how much can they really help the environment by switching to solar power 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. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 100 pounds each year. As you can see, using solar power has so many other benefits outside of saving money. One of the most important ones is that you can help save the environment too.