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

The Cost and Benefits of Solar in Oakwood

When picking a solar company, most homeowners or business owners wonder about the costs above all. There are quite a few factors you should consider when trying to figure out the overall cost and how much you can save, such as:

• average energy usage: The more electricity your home uses on average and the greater your current electricity bills are, the more benefits you'll see from switching to solar.
• Incentives: Tax-paying citizens who purchase and install a solar system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $11,000 on your energy bills over 20 years excluding incentives.
• How much energy costs for you: The average household in Oakwood shells out around $900 a year on power alone, so you could gain that much in savings.
• Your income and budget: This determines what type of solar panels you can purchase.

There are many good benefits of solar despite the upfront cost of installation. It can help the environment and your bank account. Plus, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Oakwood

Because solar power is more sustainable than traditional energy sources, there are some government incentives in place to encourage its adoption. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. For comprehensive information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Oakwood

Making the switch to solar power is a powerful way to do your part for a cleaner and more sustainable future. But how much can using solar energy instead of traditional energy actually help the environment? One thing to consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll likely understand that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.