15 Best Solar Companies in Hamilton, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Hamilton

The cost of installing solar panels has dropped significantly over the past several years, but it's still a significant investment for most homeowners. 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 including:

• Average daily sunlight: Since Hamilton gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• Your income and budget: This guides what kind of solar panels you can afford.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can generate an average of $16,000 of savings over 20 years.
• How much electricity your household consumes: Households that use plenty of energy each month may require more solar panels and, consequently, be more costly, but will also enjoy more savings over time.

There are several good benefits of solar in spite of the upfront cost of installation. It can help the environment and your bank account. Plus, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Hamilton

There are many reasons why adopting solar power is beneficial. One of them involves some government incentives that can help save you some money. In addition to the federal solar investment tax credit, there are also some state- and city-level incentives, which in the majority of cases, stack with the federal incentive, so you can save even more. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Hamilton

There are lots of reasons to make the switch to solar power, like saving on electricity bills and helping to lower your carbon footprint. A question many might be wondering about is how much can they really help preserve the environment by going solar anyway? The EPA reports that electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Using solar power can help put a dent in that number in a city like Hamilton that accounts for a sizable amount of carbon dioxide emissions each year. When you go solar, your carbon footprint can be lowered by about 90 pounds a year. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.