11 Best Solar Companies in Canaan, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Canaan

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your system. The overall price and potential savings vary depending on a few important factors such as:

• Typical energy usage: The more power your home uses on average and the larger your current power bills are, the more likely you'll benefit from switching to solar.
• Average daily sunlight: Since Canaan gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• 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 a decent amount of money on your utility bills, which can lead to an average of $15,000 of savings over 20 years.

Though a solar panel system costs a good 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, such as the angle of your roof and your current power bills.

Solar Incentives in Canaan

To increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more economically viable and accessible. State and city solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. In our article on solar incentives, you can find out about the incentives you qualify for in Canaan.

Environmental Impact of Switching to Solar in Canaan

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your carbon footprint. But how much can installing solar panels actually help the environment? How much energy you use is an important factor to think about. The more power your home uses, the greater your impact when you go solar. If you go solar, your carbon dioxide emissions can be lowered by about 90 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.