11 Best Solar Companies in Pike, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Pike

We get that for lots of homeowners, the choice to invest in solar depends on installation costs. The cost and possible savings vary depending on some important factors such as:

• Your current energy bills: Solar panels can dramatically reduce, or totally eliminate, your utility bills. In Pike, you can save an average of $102 a month.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your power bills, which can lead to an average of $16,000 of savings over 20 years.
• Your income and budget: This affects what kind of solar panels you can get.
• average energy usage: The more power your household uses on average and the higher your current power bills are, the more benefits you'll see from switching to solar.

So is installing solar panels worth it? Whether you'd like to lower your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Pike homeowners.

Solar Incentives in Pike

Although installing solar panels is typically a large investment, it can save you a substantial amount of money over time due to lower power bills and government incentives. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Pike.

Environmental Impact of Switching to Solar in Pike

Lots of people want to do their part to help the environment, which in many cases is the chief reason they're interested in installing a solar system. A question many might be asking themselves is how much can they really help protect the environment by switching to solar power anyway? The amount of energy you use is an important factor to keep in mind. The more energy you use, the larger your impact when you make the switch to solar power. In fact, if you install solar panels, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll likely find that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.