16 Best Solar Companies in Jerome, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Jerome

The cost of putting up solar panels has decreased immensely over the past several years, but it's still a large investment for most homeowners. A few key factors that determine how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• 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 lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can result in an average of $15,000 of savings over 20 years.
• Your home's power bills: Because of fairly high monthly energy bills in Jerome, you could save about $1,200 a year with solar.
• Your energy consumption: If your household uses a lot of energy, you'll benefit more from installing solar panels.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a solid investment for many homeowners.

Solar Incentives in Jerome

Although solar power is typically a large investment, it can save you a significant amount of money over several years due to lower utility bills and government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city incentives. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Jerome

Switching to solar energy can have a beneficial effect on the environment. Something many people might have in mind is how much can they really help preserve the environment by going solar anyway? Your energy usage is a key factor to consider. The more power your household consumes, the bigger your impact when you make the switch to solar power. In Jerome, the average resident can lower their carbon footprint by 90 pounds a year once they go solar. As you can see, using solar power has so many other rewards apart from saving money. One of the main ones is that you can help save the planet too.