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

The Cost and Benefits of Solar in Madison

For lots of homeowners, whether or not to invest in a solar energy system boils down to the cost. Some key factors that dictate how much it will cost to install solar panels on your home and how much money you could save over time include:

• Your power bills: This will influence your savings. In Madison, the average homeowner can save about $1,300 a year on their electricity 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 $17,000 over 20 years on your energy bills.
• Where your home is: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Choice of solar panels: The kind of solar panels you get will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.

Solar is a rewarding investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping protect the Earth.

Solar Incentives in Madison

Although a solar power system is typically a big investment, it can save you a considerable amount of money in the long term because of lower utility bills and government incentives. There are several federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money in return after paying for a qualifying system. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Madison

Lots of people want to do what they can to help the environment, which in many cases is the primary motivation to install a solar system. You may be wondering — how much does making the switch do for the planet anyway? No matter where you are, you can help save the planet by switching to solar energy, but homes that use a lot of energy will have a bigger impact. Though solar panel production releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Madison, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.