17 Best Solar Companies in Forestville, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Forestville

The cost of putting up solar panels has dropped greatly over the past several years, but it's still a large investment for most homeowners. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets a lot of sunlight.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• Energy consumption: Installing a solar system may be a high-cost investment for households that don't need too much energy a month.

So is a solar system worth it? Whether you want to lower your energy bills, carbon dioxide emissions or both, solar panels are a solid investment for many Forestville homeowners.

Solar Incentives in Forestville

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Forestville

There are a few key reasons why homeowners are considering solar energy: for the financial and environmental benefits. But you may be curious — how much exactly can you help by going solar? If your household consumes lots of energy, you can have an even greater impact on the planet by switching to solar power. In Forestville, the average resident can lower their carbon footprint by 90 pounds a year once they go solar. As you can see, investing in solar has so many other benefits outside of saving money. One of the primary ones is that you can help save the planet too.