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

The Cost and Benefits of Solar in Elyria

When choosing a solar company, most homeowners or business owners care about the costs the most. Some significant things that affect the upfront cost and potential savings over time include:

• The type of solar panels you can purchase: This is dependent on your income and budget.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Additionally, you can save about $16,000 over 20 years on your utility bills, not including incentives.
• Typical energy usage: The more electricity your household consumes on average and the steeper your current electricity bills are, the more likely you'll benefit from going solar.
• Average daily sunlight: Since Elyria gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.

So is a solar system worth it? Whether you're trying to decrease your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Elyria homeowners.

Solar Incentives in Elyria

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there may often be some local incentives that you can take advantage of to further save. Our article on solar incentives goes over more information on the incentives you can find in Elyria.

Environmental Impact of Switching to Solar in Elyria

A lot of people want to do what they can to help save the planet, which in many cases is the primary motivation to install solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Elyria, though. Something that can severely influence your carbon footprint is how long your commute is and how much you drive generally. If you switch to solar power and have an electric car, you can significantly cut back on your carbon dioxide emissions by charging your car at home. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. As you can see, going solar has so many other benefits outside of saving money. One of the most important ones is that you can help save the planet too.