12 Best Solar Companies in Bloom, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Bloom

Even though solar panels can save you a decent chunk of change on power bills over time, it's important to consider the startup costs. There are a few factors you should take into consideration when trying to figure out costs and your potential savings, such as:

• The kind of solar panels you can afford: This is dependent on what your budget is.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $16,000 over the first 20 years with your solar system, too.
• Your power bills: This will affect how much you can save. In Bloom, the average resident can save about $1,300 a year on their electricity bills.
• How much electricity your household consumes: Homes that use plenty of power each month may need more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Bloom

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more financially viable and accessible. There are a lot of federal, state and local rebates and tax credits that can earn you a decent amount of money back after installing a qualifying system. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Bloom

Installing solar panels can have a positive impact on the environment. But you may be curious — how much exactly can you help the planet by going solar? The average person has a considerable carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions a year, and powering their home, it can be overwhelming to figure out what to do. Going solar is a practical thing you can do to help. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.