16 Best Solar Companies in Newberry, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Newberry

We know that for most homeowners, the choice to invest in solar highly depends on installation costs. Some main factors that determine the cost of installing a solar panel system on your home and how much money you could save over time include:

• Your income and budget: This shapes what type of solar panels you can buy.
• Your current electricity bills: Solar panels can noticeably decrease, or completely eliminate, your utility bills. In Newberry, you can save an average of $92 a month.
• How much energy your home consumes: Homes that consume lots of electricity each month may need more solar panels and, as a result, be more expensive, but will also enjoy more savings over time.
• Incentives: Those who install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $14,000 on your electricity bills over 20 years without incentives.

There are many wonderful benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. In addition, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Newberry

One of the benefits of installing a solar panel system is earning federal and potentially state incentives. When you install solar panels on your house, you can claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can benefit from to further save. Take a look at our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Newberry

Replacing nonrenewable energy with solar power is a good way to do what you can for a more sustainable future. Something many homeowners might be thinking about is how much can they really help protect the environment by going solar anyway? For those who are environmentally-conscious, using solar power is an easy decision, especially since Newberry produces a high amount of carbon dioxide emissions from its energy generation. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.