11 Best Solar Companies in Sidney, OH (2023 Reviews)

The Cost and Benefits of Solar in Sidney

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. There are quite a few factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Your power bills: This will impact how much you can save. In Sidney, the average resident can save about $1,300 a year on their electricity bills.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive 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 opt for a higher number of more affordable panels.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.

So is buying solar panels worth it? Whether you'd like to decrease your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Sidney homeowners.

Solar Incentives in Sidney

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can benefit from to further cut back on the cost of solar of solar panels. For detailed information about incentives for homeowners in Sidney, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Sidney

A lot of people want to do what they can to help the planet, which for many is the prime reason they're interested in installing a solar system. You may be trying to figure out — how much do solar panels help the environment anyway? Everyone can help the planet by switching to solar energy, but homes that consume lots of energy will have a greater impact. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. As you can see, going solar has so many other benefits besides saving money. One of the major ones is that you can help save the environment too.