17 Best Solar Companies in Norwood, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Norwood

We understand that for most homeowners, the decision to invest in solar depends on installation costs. The overall price and potential savings vary depending on some key factors such as:

• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can benefit from. Additionally, you can save about $12,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This affects what type of solar panels you can purchase.
• The amount of sunlight your city gets: Because of Norwood's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• average energy usage: The more power your household consumes on average and the steeper your current power bills are, the more likely you'll benefit from going solar.

So is buying solar panels worth it? Whether you'd like to decrease your energy bills, carbon emissions or both, solar panels are a worthwhile investment for many Norwood homeowners.

Solar Incentives in Norwood

One of the benefits of installing a solar panel system is receiving incentives from the government. There are several federal, state and local rebates and tax credits that earn anywhere from 30% to 50% of your money back after installing a solar panel system. Our article on solar incentives goes over more detailed information on the incentives you can take advantage of in Norwood.

Environmental Impact of Switching to Solar in Norwood

Swapping traditional energy for solar is a great way to do your part for a more sustainable future. But you may be wondering — how much exactly can you help the environment by making the switch to solar? In a city like Norwood where energy use is rather high, switching to solar energy is a fantastic idea for homeowners who want to do their part for the environment. Once you go solar, your carbon emissions can be reduced by about 90 pounds a year. Since solar energy is renewable and generates electricity without free from carbon dioxide emissions, making the switch to solar power is one easy step you can take to help protect the planet.