16 Best Solar Companies in Sherwood, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Sherwood

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to install your panels. The cost and possible savings vary depending on a few important factors such as:

• average energy usage: The more energy your household uses on average and the larger your current energy bills are, the more benefits you'll see from switching to solar.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• Your energy bills: This will influence how much money you might save. In Sherwood, the average homeowner can save about $970 a year on their electricity bills.
• Your income and budget: This shapes what kind of solar panels you can get.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the size of your house and your current power bills.

Solar Incentives in Sherwood

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. In addition to the federal tax credit incentive, there are also some local programs, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Sherwood

Making the switch to solar power is a good way to do what you can for a cleaner and more sustainable future. You may be curious — how much does making the switch help the planet anyway? How much energy you use is a key factor to keep in mind. The more power your household consumes, the larger your impact when you go solar. In fact, if you install solar panels, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. The good things about solar power are plentiful — just like solar power is! That's why so many Sherwood residents have been happy with making the switch to solar.