15 Best Solar Companies in Middletown, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Middletown

For the majority of homeowners, whether or not you should invest in a solar energy system comes down to the cost. There are several factors you should take into consideration when trying to determine how much it will cost and how much you can save, including:

• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Plus, you can save about $13,000 over 20 years on your utility bills, without incentives.
• How much energy costs for you: If your local electricity rates are quite high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Middletown, you can save an average of $85 a month on your electricity bills.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Your income and budget: This guides what model of solar panels you can get.

Because of solar panels decreasing in cost as well as various solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Middletown

If you're thinking about switching to solar energy, several government incentives and subsidies can greatly lower the cost of the project and expedite the return on your investment. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can use to further cut back on the cost of solar of solar panels. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Middletown

There are tons of reasons to trade traditional energy for solar energy, like saving some money on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Middletown, though. If your home uses a lot of energy, you can impact the environment even more by switching to solar power. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other benefits beyond saving money. One of the major ones is that you can help save the environment too.