18 Best Solar Companies in Greentown, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Greentown

The cost of installing solar panels has gone down greatly in the past several years, but it's still a large investment for most homeowners. A few main factors that influence the cost of installing solar panels on your home and how much money you could save over time include:

• Electricity consumption: The average home in Greentown uses a decent amount of, and so may save on their energy bills.
• How much you spend on energy: If your local power rates are quite high, there's a better chance you'll see a higher return on your investment in a solar panel system. In Greentown, you can save an average of $91 a month on your electricity bills.
• The type of solar panels you're thinking of getting: Some are more highly priced, so that will determine your budget for your solar project.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.

There are several good benefits of solar even with the initial cost of installation. It can help the Earth and your finances. Plus, it can boost the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Greentown

Because solar power is better for the environment than traditional energy sources, there are various government incentives in place to encourage its adoption. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. Check out our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Greentown

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your greenhouse gas emissions. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Greentown, though. The amount of energy you use is a significant factor to consider. The more power your household consumes, the larger your impact when you make the switch to solar power. While solar panel production releases carbon dioxide emissions, the panels make up for it by significantly lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Greentown, you can reduce your carbon footprint by 80 pounds a year with solar panels. The advantages of solar power are infinite — just like solar power is! That's why so many Greentown residents have been happy with making the switch to solar.