17 Best Solar Companies in Springfield, OH (Aug 2022 Review)

The Cost and Benefits of Solar in Springfield

The cost of putting up solar panels has dropped greatly in the past several years, but it's still a large investment for most homeowners. Some important things that affect the upfront cost and potential savings over time include:

• How much power your household needs: If your household needs to use a lot of energy, you'll see more savings from installing solar panels.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 26% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. In addition, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• Average daily sunlight: Since Springfield gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your solar panels can save you on your electricity bills.
• System size and type: Some models are more costly than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, including the kind of solar panels you get and your current power bills.

Solar Incentives in Springfield

Although solar power is typically a big investment, it can save you a significant amount of money over several years due to reduced energy bills and government incentives. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. The table below tells you about the incentives you can find in Springfield.

Environmental Impact of Switching to Solar in Springfield

Going solar can have a beneficial effect on the environment. But how much can using solar energy instead of traditional energy actually help the environment? For homeowners who want to help cut back on greenhouse gas emissions, going solar is an easy choice, especially since Springfield produces a high amount of carbon dioxide emissions from its energy generation. In Springfield, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.