12 Best Solar Companies in North College Hill, OH (Sep 2022 Review)

The Cost and Benefits of Solar in North College Hill

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your panels. Some key things that determine the upfront cost and potential savings over time include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $12,000 over the first 20 years with your solar panels, too.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Energy consumption: Installing a solar system may be a high-cost investment for households that don't need a good amount of energy a month.
• The amount of sunlight your area gets: Due to North College Hill's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.

So are solar panels worth it? Whether you'd like to reduce your electric bills, carbon dioxide emissions or both, solar panels are a solid investment for many North College Hill homeowners.

Solar Incentives in North College Hill

In an effort to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economically viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially pair the ITC with other state and city incentives. In the table below, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in North College Hill

If you want to add solar panels to your home, one of the primary reasons why may be to lower your carbon footprint. A question many might have in mind is how much can they really help protect the environment by going solar anyway? The amount of energy you use is an important factor to think about. The more energy your household consumes, the larger your impact when you go solar. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good alternative to traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.