18 Best Solar Companies in Archbold, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Archbold

For a lot of homeowners, whether or not you should invest in solar energy comes down to the cost. The overall price and potential savings vary depending on some key factors such as:

• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your power bills, which can lead to an average of $16,000 of savings over 20 years.
• Your current power bills: Solar panels can dramatically reduce, or entirely get rid of, your utility bills. In Archbold, you can save an average of $109 a month.
• How much electricity your household consumes: Households that use lots of electricity each month may require more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.

Even though a solar panel system costs a decent chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your energy consumption.

Solar Incentives in Archbold

Although solar power is typically a $15,000 to $25,000 investment, it can save you a lot of money over the lifespan of your solar panels because of lower energy bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Archbold

If you want to add solar panels to your home, one of the major reasons why may be to lower your carbon footprint. But how much can using solar energy instead of traditional energy actually help the environment? According to the EPA, electricity production is the second greatest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Installing solar panels and switching to renewable energy can help reduce that statistic in a city like Archbold that accounts for a large amount of carbon dioxide emissions each year. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. Since solar energy is plentiful and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the planet.