5 Best Solar Companies in Cleveland, MS (Jul 2022 Review)

The Cost and Benefits of Solar in Cleveland

When picking a solar company, most homeowners or business owners wonder about the costs the most. 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: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your power bills, which can give you an average of $17,000 of savings over 20 years.
• Average daily sunlight: Since Cleveland gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which influences how much your electricity bills will be.
• Choice of solar panels: The type of solar panels you buy 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.
• Energy consumption: Installing a solar system may be too steep of an investment for families that don't need too much energy a month.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your current power bills.

Solar Incentives in Cleveland

If you're thinking about switching to solar power, various government incentives and tax credits can dramatically lower the cost of the project and expedite the return on your investment. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 26% of the cost of your solar panels. Plus, there are often some local incentives that you can take advantage of to further cut back on the cost of solar of solar panels. The table below tells you about the incentives you can find in Cleveland.

Environmental Impact of Switching to Solar in Cleveland

Lots of people want to do their part for the environment, which for many is the chief motivation to install solar panels. But how much can using solar energy instead of traditional energy actually help the environment? Regardless of your location, you can help the planet by switching to solar energy, but homes that use lots of energy will have a greater impact. Although solar panel production releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Cleveland, you can reduce your carbon footprint by 70 pounds a year with solar panels. Since solar power is plentiful and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the planet.