16 Best Solar Companies in Loveland, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Loveland

We get that for lots of homeowners, the choice to invest in solar highly depends on installation costs. Some important things that affect how much it will cost and how much you could save include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your total installation cost, your state or 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 $12,000 over 20 years with your system, too.
• Energy consumption: Installing a solar system may be an expensive option for households that don't need a good amount of energy each month.
• Your location: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• The model of solar panels you're planning on getting: Higher-efficiency panels are more costly, so that will influence your budget for your solar project.

As a result of the cost of solar panels being lower than before as well as local and federal solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Loveland

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over several years because of lower utility bills and government incentives. In addition to the federal tax credit incentive, there are also some local incentives, which in the majority of cases, can be claimed in addition to the federal incentive, so you get to save even more. Take a look at the table below to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Loveland

Lots of people want to do their part to help protect the planet, which in many cases is the main motivation to install a solar system. But how much can using solar energy instead of traditional energy actually help the environment? Adopting solar power is an impactful choice for the environment, due to the fact that the greatest source of greenhouse gas emissions in the country is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Loveland, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since energy from the sun is plentiful and makes electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the planet.