12 Best Solar Companies in Miami, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Miami

For many readers, the decision of which solar installer to go with comes down to pricing. There are several factors you should consider when trying to determine costs and your potential savings, including:

• The amount of sunlight your area gets: Due to Miami's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much energy you use: If your family regularly uses a lot of energy, you'll reap more rewards from installing solar panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $12,000 over the first 20 years with your solar system, too.

So is buying solar panels worth it? Whether you're trying to decrease your electricity costs, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Miami homeowners.

Solar Incentives in Miami

Although solar power is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years due to reduced utility bills and government incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Miami

Swapping traditional energy for solar is a good way to do your part for a cleaner and more sustainable future. But how much can switching to solar actually help the environment? The more power your house uses, the the more the environment will benefit if you switch to solar as you won't need to burn as many fossil fuels. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used traditional energy. In Miami, you can reduce your carbon footprint by 90 pounds a year with solar panels. For those who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.