13 Best Solar Companies in Hillsboro, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Hillsboro

Although solar panels can save you money on energy over time, it's important to know the startup costs. The cost and possible savings vary depending on some important factors such as:

• The amount of sunlight your home gets: Thanks to Hillsboro's high amount of average daily sunlight, you should be able to save a decent amount on your energy bills.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Electricity consumption: The average home in Hillsboro uses a decent amount of, and consequently may save on their energy bills.
• Incentives: One thing that can make your solar project cost less 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 money on your utility bills, which can lead to an average of $15,000 of savings over 20 years.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and incentives.

Solar Incentives in Hillsboro

If you're considering switching to solar energy, various government incentives and solar rebates can greatly bring down the installation costs and expedite the return on your investment. When you install solar panels, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 26% of the cost of your solar panels. In addition, there may often be some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. In the table below, you can see the incentives you qualify for in Hillsboro.

Environmental Impact of Switching to Solar in Hillsboro

One reason so many people are considering switching to solar power is to help reduce their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Hillsboro, though. For homeowners who want to do their part for the planet, using solar power is a no-brainer, especially since Hillsboro produces a high amount of carbon dioxide emissions from its energy generation. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many people have been happy with using solar energy.