11 Best Solar Companies in Spencer, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Spencer

For a lot of homeowners, whether or not to invest in solar panels boils down to the cost. Some significant things that influence the cost and possible savings include:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $15,000 on your utility bills over 20 years not including incentives.
• The amount of sunlight your rooftop gets: Because of Spencer's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• Your energy bills: This will determine how much you can save. In Spencer, the average resident can save about $1,200 a year on their electricity bills.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

Solar is a worthwhile investment for most homeowners. You can produce your own power instead of paying for it from the grid and benefit from solar tax credits and rebates, all while helping the planet.

Solar Incentives in Spencer

In order to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. On top of the federal tax credit incentive, there are also some state- and city-level benefits, which in most cases, stack with the federal incentive, so you can save even more. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Spencer

Many want to do their part to help protect the planet, which for many is the prime reason they're interested in installing solar panels. But how much can installing solar panels actually help the environment? Your energy usage is an important factor to keep in mind. The more energy your household consumes, the larger your impact when you make the switch to solar power. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. The great things about solar power are infinite — just like solar power is! That's why so many Spencer residents have been happy with committing to solar.