12 Best Solar Companies in Troy, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Troy

The cost of installing solar panels has dropped significantly in the past few years, but it's still a large investment for most homeowners. The cost of solar and the savings it generates vary depending on some important factors such as:

• The type and model of solar panels you want: Some are more highly priced, so that will affect your budget for your solar project.
• 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. Excluding incentives, you can save an average of $14,000 over 20 years with your solar panels, too.
• The amount of sunlight your city gets: Thanks to Troy's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.
• Typical energy usage: The more energy your home uses on average and the steeper your current energy bills are, the more money you could save by switching to solar.

Solar is a valuable investment for most homeowners. You can make your own power instead of paying for it from a utility company and take advantage of solar incentives, all while helping protect the environment.

Solar Incentives in Troy

Since solar power is a cleaner source of energy than fossil fuels, there are quite a few government incentives in place to encourage people to make the switch. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly pair the ITC with other local rebates and benefits. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Troy

A lot of people want to do what they can to help save the environment, which for many is the chief reason for installing a solar system. You may be curious — how much does making the switch help the environment anyway? In a city like Troy where energy use is rather high, going solar is a fantastic idea for people who want to do their part for the environment. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly reducing the amount of CO2 you would have released if you still used traditional energy. In Troy, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, using solar power has so many other perks beyond saving money. One of the main ones is that you can help save the environment too.