14 Best Solar Companies in Hinckley, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Hinckley

For many readers, the decision of which solar company to go with depends on prices. The cost of solar and the savings it generates vary depending on some important factors such as:

• The type of solar panels you can buy: This hinges on how much you're willing to spend upfront.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on energy bills than a roof that gets a lot of sunlight.
• How much energy costs for you: If your local utility rates are quite high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Hinckley, you can save an average of $90 a month on your electricity bills.

Even though a solar panel system costs a sizable 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 a number of factors, such as the size of your solar panel system and incentives.

Solar Incentives in Hinckley

In an effort to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially pair the ITC with other local incentives. The table below lets you know about the incentives you can take advantage of in Hinckley.

Environmental Impact of Switching to Solar in Hinckley

Installing solar panels is a great way to do what you can for a more sustainable future. But — how much exactly can you help by using solar power? According to the EPA, electricity generation is the second greatest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Installing solar panels and switching to renewable energy can help bring down that number in a city like Hinckley that is responsible for a sizable amount of carbon dioxide emissions each year. In Hinckley, the average resident can reduce their carbon footprint by 90 pounds a year once they go solar. Since solar power is renewable and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the planet.