18 Best Solar Companies in Canfield, OH (Jan 2023 Review)

The Cost and Benefits of Solar in Canfield

When deciding on a solar company, most homeowners or business owners wonder about the costs the most. There are quite a few factors you should take into consideration when determining the overall cost and how much you can save, such as:

• The kind of solar panels you can buy: This depends on how much you're willing to invest upfront.
• Your energy consumption: If your home regularly uses a lot of energy, you'll benefit more from going solar.
• The cost of electricity in your area: If your local utility rates are quite high, there's a good chance you'll see a higher return on your investment in a solar panel system. In Canfield, you can save an average of $88 a month on your electricity bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.

So is installing solar panels worth it? Whether you want to reduce your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Canfield homeowners.

Solar Incentives in Canfield

In order to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives you can benefit from too. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Canfield

A lot of people want to do their part to help protect the planet, which in many cases is the main motivation to install a solar system. But how much can switching to solar actually affect the environment? No matter where you are, you can help the planet by switching to solar energy, but homes that consume a lot of energy will have a greater impact. In Canfield, the average person can reduce their carbon footprint by 80 pounds a year once they go solar. The great things about solar power are plentiful — just like solar power is! That's why so many people have been happy with making the switch to solar.