18 Best Solar Companies in Kenwood, OH (Jan 2023 Review)

The Cost and Benefits of Solar in Kenwood

The cost of putting up solar panels has dropped significantly over the past few years, but it's still a substantial investment for most homeowners. Some important things that affect the cost and possible savings include:

• average energy usage: The more power your home uses on average and the greater your current power bills are, the more likely you'll benefit from making the switch to solar.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on energy bills than a roof that gets a lot of sunlight.
• Your income and budget: This guides what type of solar panels you can afford.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Plus, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.

Although 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 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 our article on solar incentives

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.