17 Best Solar Companies in Deerfield, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Deerfield

We know that for many homeowners, the decision to invest in solar depends on installation costs. Some important things that impact the cost and possible savings include:

• The kind of solar panel system you can afford: This hinges on your income and budget.
• The cost of energy for you: If your local energy rates are high, there's a better chance you'll have a higher return on your investment in solar panels. In Deerfield, you can save an average of $81 a month on your electricity bills.
• Average daily sunlight: Since Deerfield gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $12,000 over 20 years with your solar panels, too.

Due to solar panels decreasing in cost as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Deerfield

One of the good things about installing a solar panel system is earning federal and potentially state incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. Take a look at the table below to find out what incentives you can benefit from.

Environmental Impact of Switching to Solar in Deerfield

An important reason so many people are thinking of switching to solar power is to help lower their environmental impact. Something many people might be thinking about is how much can they really help preserve the environment by going solar anyway? If your home consumes a lot of energy, you can impact the environment even more by switching to solar energy. In Deerfield, the average resident can reduce their carbon footprint by 90 pounds a year after going solar. If you want to do what you can for the environment, you'll likely understand that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.