18 Best Solar Companies in Madison, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Madison

For the majority of homeowners, whether or not you should invest in solar panels comes down to the cost. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• Your household's power bills: Based on the fairly high monthly energy bills in Madison, you could save about $1,300 a year with solar.
• Your income and budget: This guides what type of solar panels you can purchase.
• The amount of sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on energy bills than a roof that gets plenty of sunlight.
• Incentives: Those who install a solar system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $17,000 on your electricity bills over 20 years not including incentives.

So is installing solar panels worth it? Whether you're trying to lower your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Madison homeowners.

Solar Incentives in Madison

Switching to solar power has a lot of wonderful benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local rebates and benefits. In the table below, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Madison

There are a few important reasons why many people are considering solar energy: for the good of their bank accounts and the planet. You may be curious — how much does going solar do for the environment anyway? A significant thing to be mindful of is your overall carbon footprint. For example, if your commute is very long, your footprint may be larger, so adopting solar energy for your home can help offset that. Even though solar panel production emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Madison, you can reduce your carbon footprint by 90 pounds a year with solar panels. The good things about solar power are infinite — just like solar power is! That's why so many people have been happy with using solar energy.