10 Best Solar Companies in Rocky River, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Rocky River

We understand that for many homeowners, the decision to invest in solar rests on installation costs. Some important things that determine the cost and possible savings include:

• How much energy your home consumes: Households that consume a lot of energy each month may need more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.
• Your current power bills: Solar panels can significantly lower, or completely get rid of, your utility bills. In Rocky River, you can save an average of $104 a month.
• Incentives: One thing that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can give you an average of $15,000 of savings over 20 years.
• The kind of solar panels you're thinking of getting: More high-tech panels are more expensive, so that will shape your budget for your solar project.

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 a number of factors, such as the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Rocky River

If you're thinking about switching to solar energy, a variety of government incentives and subsidies can immensely bring down the installation costs and expedite the return on your investment. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other local rebates and benefits. The table below lists out the incentives you can take advantage of in Rocky River.

Environmental Impact of Switching to Solar in Rocky River

There are a few key reasons why people are interested in solar energy: for the financial and environmental benefits. But you may be wondering — how much exactly can you help the environment by going solar? The more power you use, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. After you go solar, your carbon emissions can be cut by about 80 pounds each year. As you can see, trading traditional energy for solar has so many other perks apart from saving money. One of the major ones is that you can help save the environment too.