12 Best Solar Companies in Troy, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Troy

Even though solar panels can help save you money on energy bills over time, it's important to know the upfront costs. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• 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.
• Average daily sunlight: Since Troy gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.
• How much energy your household consumes: Homes that consume a lot of electricity each month may require more solar panels and, therefore, be more expensive, but will also enjoy more savings over time.

Even though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars in the long term. The question of how much, though, depends on several factors, like the angle of your roof and your energy consumption.

Solar Incentives in Troy

If you're thinking about switching to solar energy, several government incentives and subsidies can drastically reduce the installation costs and speed up the return on your investment. On top of the federal tax credit incentive, there are also some local incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you get to save even more. Check out the table below to learn what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Troy

Going solar can have a meaningful effect on the environment. But — how much exactly can you help the environment by going solar? Regardless of your location, you can help save the environment by switching to solar energy, but homes that consume more energy will have a greater impact. Since solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll most likely get that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.