17 Best Solar Companies in Milford, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Milford

We understand that for many homeowners, the decision to invest in solar rests on installation costs. The installation cost is just one important factor you should bear in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The amount of sunlight your roof gets: This, and the configuration of your roof, affects affect how much power your solar panels can produce.
• Your current electricity bills: Solar panels can substantially reduce, or entirely eliminate, your utility bills. In Milford, you can save an average of $81 a month.
• The type and model of solar panels you're planning on getting: Higher-efficiency panels are more expensive, so that will affect your budget for your solar project.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $12,000 on your utility bills over 20 years excluding incentives.

So is a solar panel system worth it? Whether you hope to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Milford homeowners.

Solar Incentives in Milford

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar power more economical and accessible. These incentives mostly consist of cash rebates, tax breaks and/or performance-based incentives. They can cut the cost you pay for going solar by 30%, upwards of 50% depending on your location. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Milford

A lot of people want to do what they can to help protect the environment, which for many is the prime motivation to install solar panels. But you may be wondering — how much exactly can you help the planet by going solar? If your household uses a lot of energy, you can impact the environment even more by switching to solar power. Once you go solar, your carbon dioxide emissions can be lowered by about 90 pounds each year. As you can see, investing in solar has so many other perks apart from saving money. One of the most important ones is that you can help save the planet too.