17 Best Solar Companies in Louisville, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Louisville

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. Some significant things that determine the upfront cost and potential savings over time include:

• The type of solar panel system you can buy: This depends on what your budget is.
• The amount of sunlight your home gets: Thanks to Louisville's relatively low amount of average daily sunlight, you might not see as many savings on your power bills.
• Electricity consumption: The average home in Louisville uses a decent amount of, and therefore may save on their energy bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.

Thanks to solar panels now being cheaper than ever as well as several solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Louisville

If you're thinking about making the switch to solar energy, several government incentives and state programs can dramatically lower your project costs and speed up the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other state and city rebates and benefits. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Louisville

There are many reasons to make the switch to solar energy, like saving on utility bills and helping to lower your carbon footprint. You may be asking yourself — how much does going solar help the planet anyway? The more power your household uses, the better off the planet will be if you switch to solar as you won't need to burn as many fossil fuels. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Louisville, you can reduce your carbon footprint by 80 pounds a year with solar panels. As you can see, going solar has so many other rewards apart from saving money. One of the major ones is that you can help save the environment too.