15 Best Solar Companies in Troy, MO (Mar 2023 Review)

The Cost and Benefits of Solar in Troy

For a lot of homeowners, the decision to invest in a solar energy system depends the most on the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.
• Your energy consumption: If your home uses a lot of energy, you'll see more savings from installing solar panels.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to generate as much energy, which will give you lower savings on energy bills than a roof that gets plenty of sunlight.

Even though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, including the kind of solar panels you get and your energy consumption.

Solar Incentives in Troy

Switching to solar power has many considerable benefits. Not only can it help preserve the planet, but you can also save a good amount of money on your installation with various government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Troy

Going solar can have a positive effect on the environment. But — how much exactly can you help by making the switch to solar? The more power your house uses, the better off the planet will be from you switching to solar since you won't need to rely on traditional energy sources as much. Although solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Troy, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, investing in solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the planet too.