16 Best Solar Companies in Cortland, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Cortland

Although solar panels can help save you a good amount of money on electricity bills over time, it's necessary to consider the startup costs. A few key factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or 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 the first 20 years with your solar system, too.
• How much sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panel system won't be able to generate as much energy, which will give you lower savings on energy bills than a roof that gets a lot of sunlight.
• Your household's power bills: Due to fairly high monthly energy bills in Cortland, you could save about $1,100 a year with solar.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

So is installing solar panels worth it? Whether you hope to lower your electric bills, carbon dioxide emissions or both, solar panels are a good investment for many Cortland homeowners.

Solar Incentives in Cortland

One of the great things about installing a solar panel system is receiving incentives from the government. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Cortland

Installing solar panels is a great way to do your part for a more sustainable future. Something many people might have in mind is how much can they really help the environment by switching to solar power anyway? No matter where you are, you can help save the planet by switching to solar energy, but homes that consume a lot of energy will have an even bigger impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 80 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.