17 Best Solar Companies in Urbana, OH (2023 Reviews)

The Cost and Benefits of Solar in Urbana

When picking a solar company, most homeowners or business owners wonder about the costs the most. A few important factors that dictate the cost of installing a solar panel system on your home and how much money you could save over time include:

• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets a lot of sunlight.
• Your power bills: This will impact your savings. In Urbana, the average homeowner can save about $1,100 a year on their electricity bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $14,000 over 20 years with your system, too.

As a result of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Urbana

If you're planning on making the switch to solar power, a number of government incentives and state programs can dramatically lower your project costs and speed up the return on your investment. These incentives typically include cash rebates, tax breaks and/or solar renewable energy credits. They can cut how much you end up spending on going solar by 30%, upwards of 50% depending on where you live. Our article on solar incentives goes over more information on the incentives you can benefit from in Urbana.

Environmental Impact of Switching to Solar in Urbana

Installing solar panels can have a beneficial impact on the environment. A question many homeowners might be wondering about is how much can they really help preserve the environment by going solar anyway? In a city like Urbana where energy use is rather high, switching to solar energy is a good plan for households who want to do their part for the environment. Although solar panel production releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Urbana, you can reduce your carbon footprint by 90 pounds a year with solar panels. Since solar power is plentiful and produces electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the environment.