8 Best Solar Companies in Shaker Heights, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Shaker Heights

For many readers, the decision of which solar installer to hire depends on how much it'll cost. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 26% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $15,000 over 20 years with your solar panels, too.
• How much you spend on energy: The typical family in Shaker Heights pays around $1,200 a year on home energy use alone, so you could be looking at that much in savings.
• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• How much energy your home consumes: Households that consume lots of energy each month may require more solar panels and, therefore, be more expensive, but will also benefit more over time.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, such as the size of your solar panel system and your local electricity rates.

Solar Incentives in Shaker Heights

Although a solar power system is typically a large investment, it can save you a considerable amount of money in the long term because of smaller power bills and government incentives. On top of the federal tax credit incentive, there are also some local benefits, which in the majority of cases, stack with the federal incentive, so you can save even more. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Shaker Heights

There are lots of reasons to make the switch to solar power, like saving on electricity bills and helping to reduce your carbon footprint. But — how much exactly can you help by using solar power? Your energy usage is a significant factor to think about. The more power your household consumes, the larger your impact when you switch to solar energy. In Shaker Heights, the average homeowner can lower their carbon footprint by 80 pounds a year once they go solar. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.