7 Best Solar Companies in Mentor, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Mentor

When picking a solar company, most homeowners or business owners worry about the costs above all. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $13,000 over the first 20 years with your solar panels, too.
• The type of solar panels you want: Higher-efficiency panels have higher prices, so that will influence your budget for your solar project.
• How much energy costs for you: The average family in Mentor spends around $1,100 a year on energy alone, so you could end up with that much in savings.
• Electricity consumption: The average household in Mentor uses a decent amount of, and therefore may save on their energy bills.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the kind of solar panels you get and incentives.

Solar Incentives in Mentor

One of the great things about installing a solar panel system is receiving government incentives. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 26% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can take advantage of to further cut back on the cost of solar of solar panels. The table below gives you an idea of the incentives you can benefit from in Mentor.

Environmental Impact of Switching to Solar in Mentor

There are a few main reasons why homeowners want to invest in solar energy: to put more money in their bank account and to help the planet. You may be wondering — how much do solar panels do for the environment anyway? The more power your house uses, the better off the planet will be when you switch to solar as you won't have to rely on traditional energy sources as much. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 80 pounds each year. If you want to do your part for the environment, you'll most likely find that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.