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

The Cost and Benefits of Solar in New Lexington

Although solar panels can save you money on electricity bills over time, it's necessary to consider the upfront costs. There are several factors you should take into consideration when determining costs and your potential savings, including:

• average energy usage: The more power your home consumes on average and the larger your current power bills are, the more likely you'll benefit from going solar.
• 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 local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will give you lower savings on electricity bills than a house with a roof that gets plenty of sunlight.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.

There are lots of wonderful benefits of solar despite the initial cost of installation. It can help the Earth and your wallet. Plus, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in New Lexington

There are several reasons why going solar is a great investment. One of them involves some government incentives that can save you money. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives that stack with the ITC too. Our article on solar incentives goes over more in-depth information on the incentives you can benefit from in New Lexington.

Environmental Impact of Switching to Solar in New Lexington

If you're thinking of adding solar panels to your home, one of the primary reasons why may be to reduce your carbon dioxide emissions. You may be trying to figure out — how much does going solar help the planet anyway? The more power you use, the better off the planet will be if you switch to solar since you won't need to rely on traditional energy sources as much. While solar panel production emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have released if you still used traditional energy. In New Lexington, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you care about the environment, you'll likely get that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.