18 Best Solar Companies in Guilford, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Guilford

We know that for most homeowners, the decision to invest in solar rests on installation costs. There are quite a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Your power bills: This will affect your savings. In Guilford, the average resident can save about $1,200 a year on their electricity bills.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your energy bills, which can generate an average of $15,000 of savings over 20 years.
• Electricity consumption: The average household in Guilford uses a decent amount of, and therefore may save on their energy bills.
• Your income and budget: This guides what model of solar panels you can afford.

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

Solar Incentives in Guilford

One of the benefits of installing a solar panel system is earning government incentives. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can benefit from to further save. For detailed information about incentives for homeowners in Guilford, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Guilford

An important reason so many people are considering switching to solar power is to help lower their environmental impact. But you may be wondering — how much exactly can you help the environment by making the switch to solar? In a city like Guilford where energy use is rather high, installing solar panels is a good plan for those who want to do their part for the environment. Even though solar panel production emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used nonrenewable energy. In Guilford, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, going solar has so many other benefits outside of saving money. One of the main ones is that you can help save the Earth too.