17 Best Solar Companies in Grafton, OH (2023 Reviews)

The Cost and Benefits of Solar in Grafton

While solar panels can save you a good amount of money on energy bills over time, it's important to know the upfront costs. Some significant things that determine the upfront cost and potential savings over time include:

• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money 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.
• Your home's power bills: Based on the fairly high monthly electricity bills in Grafton, you could save about $1,200 a year with solar.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your energy bills over 20 years not including incentives.
• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar system won't be able to make as much energy, which will give you lower savings on energy bills than someone with a roof that gets a lot of sunlight.

Thanks to solar panels now being cheaper than ever as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Grafton

If you're planning on switching to solar power, a number of government incentives and tax credits can immensely bring down your project costs and speed up the return on your investment. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Grafton

If you're thinking of adding solar panels to your home, one of the main reasons why may be to lower your reliance on nonrenewable energy. But how much can using solar energy instead of traditional energy actually help the environment? The more power your house uses, the better off the planet will be if you switch to solar as you won't need to use as much nonrenewable energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since energy from the sun is renewable and generates electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help preserve the environment.