12 Best Solar Companies in Ottawa, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Ottawa

For many homeowners, whether or not you should invest in a solar energy system boils down to the cost. A few important factors that determine how much it will cost to install solar panels on your home and how much money you could save over time are:

• Your income and budget: This shapes what model of solar panels you can purchase.
• Energy consumption: Installing solar panels may be a high-cost investment for families that don't consume a lot of energy a month.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• How much you spend on energy: The typical household in Ottawa pays around $1,300 a year on energy alone, so you could be looking at that much in savings.

Though a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, including the size of your solar panel system and your current power bills.

Solar Incentives in Ottawa

One of the benefits of installing a solar panel system is receiving incentives from the government. These incentives mostly include cash rebates, tax credits and/or performance-based incentives. They can cut the cost of installing solar panels by 30%, upwards of 50% in some cases. Check out our article on solar incentives to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Ottawa

There are a few important reasons why many people are interested in solar energy: to help their wallet and the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Ottawa, though. For those who care about the environment, going solar is a no-brainer, especially since Ottawa produces a high amount of carbon dioxide emissions from its energy generation. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. Since solar energy is plentiful and generates electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the environment.