14 Best Solar Companies in Coventry, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Coventry

The cost of installing a solar panel system has gone down significantly in the past few years, but it's still a substantial investment for most homeowners. There are quite a few factors you should take into consideration when trying to figure out costs and your potential savings, such as:

• Incentives: One thing 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 money on your utility bills, which can generate an average of $13,000 of savings over 20 years.
• The type of solar panels you're thinking of getting: More efficient panels cost more, so that will affect your budget for your solar project.
• Your current electric bills: Solar panels can significantly decrease, or entirely get rid of, your utility bills. In Coventry, you can save an average of $88 a month.
• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.

There are lots of wonderful benefits of solar even with the initial cost of installation. It can help the environment and your bank account. Additionally, it can raise the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Coventry

Although solar power is typically a large investment, it can save you much money in the long term due to reduced power bills and government incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Coventry

There are lots of reasons to switch to solar energy, like saving on electricity bills and helping to lower your carbon footprint. You may be asking yourself — how much does making the switch do for the environment anyway? The more power you use, the the more the environment will benefit if you switch to solar as you won't have to rely on traditional energy sources as much. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 80 pounds each year. The perks of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with using solar energy.