11 Best Solar Companies in Montville, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Montville

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 system. Some significant things that influence the upfront cost and potential savings over time include:

• Energy consumption: Installing a solar system may be too pricey an investment for families that don't need too much energy a month.
• 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, the more it'll cost.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• How much you spend on energy: If your local power rates are quite high, there's a good chance you'll see a higher return on your investment in a solar panel system. In Montville, you can save an average of $100 a month on your electricity bills.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Montville

Although a solar power system is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over several years due to smaller power bills and government incentives. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. For detailed information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Montville

Making the switch to solar power is a great way to do what you can for a more eco-friendly future. But — how much exactly can you help the environment by making the switch to solar? In a city like Montville where energy use is rather high, installing solar panels is a fantastic idea for those who are eco-conscious. In fact, if you make the switch to solar power, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. If you care about the environment, you'll most likely understand that there are many good things about adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.