13 Best Solar Companies in Northfield Center, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Northfield Center

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you first need to pay to install your system. There are several factors you should consider when trying to determine costs and your potential savings, such as:

• How much you spend on energy: The typical household in Northfield Center spends around $1,100 a year on power alone, so you could be looking at that much in savings.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much electricity your home consumes: Homes that consume plenty of electricity each month may need more solar panels and, consequently, be more costly, but will also benefit more over time.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Additionally, you can save about $14,000 over 20 years on your utility bills, before factoring in incentives.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a solid investment for most homeowners.

Solar Incentives in Northfield Center

Although installing solar panels is typically a large investment, it can save you a significant amount of money in the long term due to smaller energy bills and government incentives. In addition to the federal tax credit incentive, there are also some local benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Northfield Center

One reason so many consider switching to solar power is to help bring down their environmental impact. But you may be curious — how much exactly can you help the planet by using solar power? Everyone can help the planet by switching to solar energy, but homes that consume lots of energy will have a bigger impact. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 80 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.