14 Best Solar Companies in Geneva, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Geneva

For most homeowners, whether or not to invest in solar energy boils down to the cost. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Those who install a solar system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $13,000 on your electricity bills over 20 years without incentives.
• Energy consumption: Installing a solar system may be a high-cost option for households that don't consume too much energy each month.
• The type of solar panels you're thinking of getting: Higher-efficiency panels cost more, so that will affect your budget for your solar project.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your house and your local electricity rates.

Solar Incentives in Geneva

To increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, 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. You can learn about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Geneva

Replacing nonrenewable energy with solar power is a profound way to do what you can for a greener future. But how much can switching to solar actually help the environment? Regardless of your location, you can help protect the environment by switching to solar energy, but homes that use lots of energy will have an even bigger impact. While making solar panels releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Geneva, you can reduce your carbon footprint by 80 pounds a year with solar panels. As you can see, investing in solar has so many other benefits besides saving money. One of the major ones is that you can help save the Earth too.