16 Best Solar Companies in Loveland, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Loveland

When choosing a solar company, most homeowners or business owners wonder about the costs the most. The overall price and potential savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can use. Plus, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• The type of solar panel system you can buy: This depends on how much you're willing to invest upfront.
• The amount of sunlight your roof gets: This, and how your roof is set up, affects affect how much power your solar panels can generate.
• Your energy bills: This will affect how much money you might save. In Loveland, the average resident can save about $970 a year on their electricity bills.

So is installing solar panels worth it? Whether you'd like to decrease your energy bills, greenhouse gas emissions or both, solar panels are a great investment for many Loveland homeowners.

Solar Incentives in Loveland

Although solar power is typically a big investment, it can save you a lot of money over several years because of reduced utility bills and government incentives. These incentives normally include cash rebates, tax breaks and/or solar renewable energy credits. They can cut the cost you pay for going solar by 30%, upwards of 50% in some cases. Our article on solar incentives has more information on the incentives you can take advantage of in Loveland.

Environmental Impact of Switching to Solar in Loveland

There are many reasons to trade traditional energy for solar energy, like saving some money on utility bills and helping to lower your carbon footprint. You may be wondering — how much does going solar do for the environment anyway? Everyone can help save the planet by switching to solar energy, but homes that use lots of energy will have an even greater impact. When you go solar, your carbon dioxide emissions can be lowered by about 90 pounds each year. As you can see, investing in solar has so many other perks outside of saving money. One of the primary ones is that you can help save the environment too.