11 Best Solar Companies in Oakville, MO (Mar 2023 Review)

The Cost and Benefits of Solar in Oakville

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. The cost and possible savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Average daily sunlight: Since Oakville 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 you can save on your energy bills.
• Energy consumption: Installing a solar system may be a high-cost option for homes that don't consume too much energy per month.
• Your income and budget: This determines what model of solar panels you can purchase.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Oakville

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a lot of money over several years because of smaller energy bills and 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 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. Check out our article on solar incentives to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Oakville

Going solar can have a meaningful impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Oakville, though. Everyone can help protect the environment by switching to solar energy, but homes that consume lots of energy will have a bigger impact. Once you go solar, your carbon emissions can be lowered by about 100 pounds a year. If you care about the environment, you'll most likely understand that there are many good things about adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is priceless.