16 Best Solar Companies in Suffield, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Suffield

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will need to pay to set up your system. A few key factors that determine how much it will cost to install solar panels on your home and how much money you could save over time include:

• Your home's power bills: Due to fairly high monthly electric bills in Suffield, you could save about $1,100 a year with solar.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.
• The model of solar panels you're thinking of getting: More high-tech panels have higher prices, so that will influence your budget for your solar project.
• The amount of sunlight your roof gets: Because of Suffield's relatively low amount of average daily sunlight, you might not see as many savings on your power bills.

Even though a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Suffield

In order to increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar more economical and accessible. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there may often be some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. Check out the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Suffield

One of the most compelling reasons to use solar energy is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Suffield, though. In a city like Suffield where energy use is rather high, making the switch to solar power is a good idea for those who are worried about the state of the planet. In Suffield, the average resident can lower their carbon footprint by 80 pounds a year once they go solar. If you want to do your part for the environment, you'll no doubt recognize that there are many good things about adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.