17 Best Solar Companies in Portage Lakes, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Portage Lakes

We know that for most homeowners, the decision to invest in solar highly depends on installation costs. The cost and possible savings vary depending on a few key factors such as:

• The model of solar panel system you can buy: This depends on how much you're willing to spend upfront.
• How much energy your household consumes: Households that use lots of energy each month may call for more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Average daily sunlight: Since Portage Lakes doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which affects how much your electricity bills will be.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. In addition, you can save about $13,000 over 20 years on your utility bills, not including incentives.

Solar is a profitable investment for most homeowners. You can generate your own electricity instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping preserve the Earth.

Solar Incentives in Portage Lakes

In an effort to increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar more economical and accessible. In addition to the federal solar investment tax credit, there are also some local incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Portage Lakes

A lot of people want to do their part to help the planet, which often is the prime motivation to install solar panels. A question many might be thinking about is how much can they really help the environment by switching to solar power anyway? The more energy your house uses, the better off the planet will be if you switch to solar since you won't have to rely on traditional energy sources as much. In Portage Lakes, the average resident can lower their carbon footprint by 80 pounds a year after going solar. If you care about the environment, you'll most likely get 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 more valuable.