13 Best Solar Companies in Hillsboro, OH (Jan 2023 Review)

The Cost and Benefits of Solar in Hillsboro

The cost of putting up solar panels has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $15,000 over 20 years with your system, too.
• Your location: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• average energy usage: The more energy your home consumes on average and the greater your current energy bills are, the more benefits you'll see from switching to solar.
• System size and type: Some models are more pricy than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Though a solar panel system costs a good 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 solar panel system and incentives.

Solar Incentives in Hillsboro

Adopting solar power has many considerable benefits. Not only can it help protect the planet, but you can also save a good amount of money on your installation with various government incentives. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can benefit from to further save. For detailed information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Hillsboro

One reason so many people are thinking of switching to solar power is to help reduce their environmental impact. But how much can switching to solar actually help the environment? If your home uses lots of energy, you can impact the environment even more by switching to solar energy. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 90 pounds each year. Since solar energy is abundant and generates electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help protect the environment.