16 Best Solar Companies in Sheffield Lake, OH (Jan 2023 Review)

The Cost and Benefits of Solar in Sheffield Lake

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to install your system. The cost of solar and the savings it generates vary depending on a few important factors such as:

• How much energy costs for you: The average family in Sheffield Lake spends around $1,100 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can use. In addition, you can save about $14,000 over 20 years on your utility bills, without incentives.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.
• Average daily sunlight: Since Sheffield Lake gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much you can save on your energy bills.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, such as the kind of solar panels you get and incentives.

Solar Incentives in Sheffield Lake

Although a solar power system is typically a large investment, it can save you a lot of money over several years because of smaller utility bills and government incentives. In addition to the federal tax credit incentive, there are also some local benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. Our article on solar incentives has more in-depth information on the incentives you can benefit from in Sheffield Lake.

Environmental Impact of Switching to Solar in Sheffield Lake

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your carbon dioxide emissions. Something many people might be wondering about is how much can they really help save the environment by going solar anyway? Regardless of your location, you can help protect the planet by switching to solar energy, but homes that use a lot of energy will have an even bigger impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.