10 Best Solar Companies in Waverly, NE (Mar 2023 Review)

The Cost and Benefits of Solar in Waverly

For most homeowners, whether or not to invest in solar energy boils down to the cost. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• Energy consumption: Installing a solar system may be an expensive investment for homes that don't consume a good amount of energy a month.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. In addition, you can save about $15,000 over 20 years on your utility bills, without incentives.

Although a solar panel system costs a good chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, including the angle of your roof and your local electricity rates.

Solar Incentives in Waverly

There are many reasons why adopting solar power is beneficial. One of them involves some government incentives that can save you money. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city rebates and benefits. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Waverly

There are a few important reasons why people are considering solar energy: to put more money in their bank account and to help the planet. But you may be wondering — how much exactly can you help the planet by using solar power? One thing that can dramatically shape your carbon footprint is how long your commute is and how much you drive overall. If you install solar panels and have an electric car, you can vastly lower your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. As you can see, using solar power has so many other perks outside of saving money. One of the primary ones is that you can help save the environment too.