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

The Cost and Benefits of Solar in Mingo Junction

Solar panels are powered by a free energy source — the sun — but to take advantage of this you must first pay to set up your system. Some key things that influence the cost and possible savings include:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more 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.
• average energy usage: The more electricity your household consumes on average and the steeper your current electricity bills are, the more benefits you'll see from switching to solar.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your power bills, which can lead to an average of $14,000 of savings over 20 years.
• Your household's power bills: With fairly high monthly electricity bills in Mingo Junction, you could save about $1,100 a year with solar.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, like the size of your solar panel system and incentives.

Solar Incentives in Mingo Junction

There are a lot of reasons why you should switch to solar. One of them consists of some government incentives you can take advantage of. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that can save you some extra money too. Check out our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Mingo Junction

If you're planning on adding solar panels to your home, one of the main reasons why may be to lower your carbon footprint. But you may be wondering — how much exactly can you help the environment by making the switch to solar? If your household uses a lot of energy, you can help the environment even more by switching to solar power. In Mingo Junction, the average homeowner can reduce their carbon footprint by 80 pounds a year once they go solar. For those who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.