18 Best Solar Companies in Stow, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Stow

While solar panels can save you money on energy over time, it's necessary to know the startup costs. The cost and possible savings vary depending on a few important factors such as:

• Your income and budget: This affects what kind of solar panels you can afford.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $14,000 over 20 years with your solar system, too.
• Electricity consumption: The average household in Stow uses a decent amount of, and consequently may save on their energy bills.
• Average daily sunlight: Since Stow doesn't get a lot of average daily sunlight, your solar system may not be able to generate enough energy to power your whole home, which impacts how much you can save on your energy bills.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your energy consumption.

Solar Incentives in Stow

If you're planning on making the switch to solar power, a variety of government incentives and state programs can greatly reduce the cost of the project and expedite the return on your investment. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can use to further save. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Stow

If you're planning on adding solar panels to your home, one of the principal reasons why may be to lower your carbon footprint. But you may be wondering — how much exactly can you help the planet by making the switch to solar? The more energy your household uses, the the more the environment will benefit from you switching to solar since you won't need to rely on traditional energy sources as much. In Stow, the average homeowner can reduce their carbon footprint by 80 pounds a year after going solar. As you can see, using solar power has so many other perks apart from saving money. One of the primary ones is that you can help save the Earth too.