18 Best Solar Companies in Kenwood, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Kenwood

The cost of putting up solar panels has dropped significantly over the past several years, but it's still a large investment for most homeowners. Some main factors that affect the cost of installing solar panels on your home and how much it could save you over time include:

• The kind of solar panels you want: Higher-efficiency panels are more costly, so that will shape your budget for your solar project.
• How much sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on power bills than a roof that gets lots of sunlight.
• Energy consumption: Installing a solar system may be too steep of an investment for households that don't need a good amount of energy a month.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $12,000 over 20 years on your energy bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on several factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in Kenwood

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more financially viable and accessible. On top of the federal tax credit incentive, there are also some local programs, which in most cases, stack with the federal incentive, so you can save even more. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Kenwood

Installing solar panels can have a meaningful impact on the environment. But how much can installing solar panels actually help the environment? No matter where you are, you can help the environment by switching to solar energy, but homes that consume more energy will have a greater impact. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll no doubt get that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.