14 Best Solar Companies in Lake Darby, OH (2023 Reviews)

The Cost and Benefits of Solar in Lake Darby

We understand that for most homeowners, the choice to invest in solar depends on installation costs. Some important factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• The type of solar panels you're thinking of getting: Some are more expensive, so that will shape your budget for your solar project.
• How much energy costs for you: The average household in Lake Darby pays around $1,200 a year on energy alone, so you could end up with that much in savings.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $14,000 over the first 20 years with your solar system, too.
• Electricity consumption: The average home in Lake Darby uses a decent amount of, and as a result may save on their energy bills.

There are many wonderful benefits of solar in spite of the initial cost of installation. It can help the environment and your bank account. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Lake Darby

Although installing solar panels is typically a large investment, it can save you much money over the lifespan of your solar panels due to smaller energy bills and government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city rebates and benefits. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Lake Darby

If you're considering adding solar panels to your home, one of the principal reasons why may be to reduce your reliance on nonrenewable energy. But how much can switching to solar actually affect the environment? In a city like Lake Darby where energy use is rather high, installing solar panels is a good plan for homeowners who care about the planet. Although making solar panels emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Lake Darby, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, investing in solar has so many other rewards beyond saving money. One of the main ones is that you can help save the planet too.