18 Best Solar Companies in Lima, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Lima

When picking a solar company, most homeowners or business owners wonder about the costs above all. The cost and possible savings vary depending on a few important factors such as:

• System size and type: Some models are more expensive than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: One thing that can reduce the cost of 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 on your energy bills, which can lead to an average of $16,000 of savings over 20 years.
• Electricity consumption: The average home in Lima uses a decent amount of, and so may save on their energy bills.
• The cost of energy for you: If your local utility rates are quite high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Lima, you can save an average of $104 a month on your electricity bills.

So is installing solar panels worth it? Whether you want to lower your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Lima homeowners.

Solar Incentives in Lima

To increase solar panel installation and usage, incentives are offered by the government — and even some utility companies — to help make switching to solar power more economically viable and accessible. These incentives normally take the form of cash rebates, tax breaks and/or solar renewable energy credits. They can lower the cost of going solar by 30%, upwards of 50% depending on where you live. In our article on solar incentives, you can find out about the incentives you qualify for in Lima.

Environmental Impact of Switching to Solar in Lima

One reason so many people are thinking of going solar is to help lower their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lima, though. Everyone can help the environment by switching to solar energy, but homes that consume lots of energy will have a bigger impact. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, investing in solar has so many other perks besides saving money. One of the most important ones is that you can help save the planet too.