18 Best Solar Companies in Broadview Heights, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Broadview Heights

The cost of installing a solar panel system has dropped immensely in the past few years, but it's still a substantial investment for most homeowners. Some key things that determine how much it will cost and how much you could save include:

• Energy consumption: Solar may be an expensive investment for households that don't consume a good amount of energy a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $13,000 over 20 years with your solar system, too.
• Your income and budget: This affects what kind of solar panels you can buy.
• Your household's power bills: With fairly high monthly electric bills in Broadview Heights, you could save about $1,100 a year with solar.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Broadview Heights

If you're planning on making the switch to solar power, a variety of government incentives and tax credits can immensely bring down your project costs and expedite the return on your investment. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. The table below lets you know about the incentives you can benefit from in Broadview Heights.

Environmental Impact of Switching to Solar in Broadview Heights

If you're planning on adding solar panels to your home, one of the principal reasons why may be to lower your carbon dioxide emissions. But — how much exactly can you help the environment by making the switch to solar? A key thing to keep in mind is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so adopting solar energy for your home can help offset that. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. If you want to do your part for the environment, you'll most likely find that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.