18 Best Solar Companies in Powell, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Powell

For a lot of homeowners, the decision to invest in a solar energy system depends the most on the cost. Some important things that determine how much it will cost and how much you could save include:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• The cost of energy for you: If your local power rates are quite high, there's a better chance you'll end up with a higher return on your investment in solar panels. In Powell, you can save an average of $105 a month on your electricity bills.
• average energy usage: The more energy your household consumes on average and the greater your current energy bills are, the more likely you'll benefit from going solar.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.

As a result of solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Powell

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. There are quite a few federal, state and local rebates and tax credits that may earn you a decent amount of money back after paying for solar panels. In our article on solar incentives, you can read about the incentives you qualify for in Powell.

Environmental Impact of Switching to Solar in Powell

Installing solar panels can have a meaningful effect on the environment. A question many homeowners might have in mind is how much can they really help the environment by switching to solar power anyway? The more energy your family uses, the better off the planet will be from you switching to solar as you won't need to rely on traditional energy sources as much. When you go solar, your carbon footprint can be lowered by about 90 pounds each year. For homeowners who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.