13 Best Solar Companies in Truro, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Truro

For most homeowners, the decision to invest in a solar energy system boils down to the cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• average energy usage: The more energy your home uses on average and the larger your current energy bills are, the more money you could save by making the switch to solar.
• Average daily sunlight: Since Truro gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much your solar panels can save you on your electricity bills.
• Incentives: Those who buy and install a solar energy system this year can save 30% of their overall solar costs by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your electricity bills over 20 years not including incentives.
• Your home's power bills: Due to fairly high monthly energy bills in Truro, you could save about $1,300 a year with solar.

Due to solar panels decreasing in cost as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Truro

To increase the number of homes and businesses that use solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more economically viable and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Truro

There are many reasons to trade traditional energy for solar power, like saving money on electricity bills and helping to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Truro, though. Regardless of your location, you can help save the environment by switching to solar energy, but homes that use lots of energy will have an even greater impact. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.