16 Best Solar Companies in Canal Winchester, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Canal Winchester

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to set up your system. Some significant things that impact how much it will cost and how much you could save include:

• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets plenty of sunlight.
• Your energy bills: This will affect how much money you might save. In Canal Winchester, the average resident can save about $1,400 a year on their electricity bills.
• Incentives: Something that can save you money on your solar project 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 power bills, which can result in an average of $17,000 of savings over 20 years.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your solar panel system and your energy consumption.

Solar Incentives in Canal Winchester

In order to increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make solar more economical and accessible. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Canal Winchester

A lot of people want to do what they can to help save the planet, which often is the main reason for installing a solar system. But — how much exactly can you help the environment by using solar power? No matter where you are, you can help save the environment by switching to solar energy, but homes that consume more energy will have an even greater impact. If you go solar, your carbon footprint can be reduced by about 90 pounds every year. The perks of solar power are plentiful — just like solar power is! That's why so many people have been happy with committing to solar.