13 Best Solar Companies in Solon, OH (Oct 2022 Review)

The Cost and Benefits of Solar in Solon

For many people, the decision of which solar installer to go with comes down to how much it'll cost. Some key things that impact how much it will cost and how much you could save include:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Plus, you can save about $13,000 over 20 years on your utility bills, without incentives.
• How much electricity your home consumes: Homes that consume plenty of electricity each month may require more solar panels and, therefore, more upfront cost, but will also benefit more over time.
• System size and type: Some models are more costly 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.
• Your energy bills: This will dictate how much you can save. In Solon, the average homeowner can save about $1,100 a year on their electricity bills.

There are many great benefits of solar even with the upfront cost of installation. It can help the Earth and your bank account. Plus, it can raise the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Solon

Although a solar power system is typically a large investment, it can save you much money over the lifespan of your solar panels due to reduced utility bills and government incentives. When you install solar panels on your home, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there may often be some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. You can learn about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Solon

One of the best reasons to switch to solar power is to decrease your dependence on traditional energy sources like burning fossil fuels, which are destructive for the environment. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? Your energy usage is a significant factor to consider. The more energy your household consumes, the greater your impact when you make the switch to solar power. In Solon, the average homeowner can lower their carbon footprint by 80 pounds a year once they go solar. For people who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.