15 Best Solar Companies in Montrose Ghent, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Montrose Ghent

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your panels. There are a few factors you should take into consideration when determining costs and your potential savings, including:

• How much you spend on energy: If your local utility rates are quite high, there's a better chance you'll have a higher return on your investment in a solar panel system. In Montrose Ghent, you can save an average of $93 a month on your electricity bills.
• Electricity consumption: The average home in Montrose Ghent uses a decent amount of, and as a result may save on their energy bills.
• Your income and budget: This guides what model of solar panels you can afford.
• 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 state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Montrose Ghent

Adopting solar power has plenty of wonderful benefits. Not only can it help preserve the Earth, but you can also save a decent amount of money on your installation with various government incentives. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can take advantage of to further save. For more information about incentives for homeowners in Montrose Ghent, see the table below.

Environmental Impact of Switching to Solar in Montrose Ghent

One reason so many consider adopting solar energy is to help lower their environmental impact. A question many people might be asking themselves is how much can they really help protect the environment by going solar anyway? The more power your family uses, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. In fact, if you adopt solar power, you could lower your carbon dioxide emissions by about 80 pounds each year. As you can see, going solar has so many other perks beyond saving money. One of the main ones is that you can help save the Earth too.