16 Best Solar Companies in Wapakoneta, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Wapakoneta

For many homeowners, whether or not you should invest in solar energy comes down to the cost. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Plus, you can save about $16,000 over 20 years on your utility bills, before factoring in incentives.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much you spend on energy: The average household in Wapakoneta spends around $1,300 a year on energy use alone, so you could gain that much in savings.
• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.

There are several good benefits of solar despite the upfront cost of installation. It can help the planet and your wallet. Plus, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Wapakoneta

Switching to solar power has a lot of great benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially stack the ITC with other local incentives. For detailed information about local incentives, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Wapakoneta

There are a few big reasons why people are interested in solar energy: to help their wallet and the environment. You may be trying to figure out — how much does making the switch help the planet anyway? The amount of energy you use is a key factor to think about. The more energy your home uses, the greater your impact when you make the switch to solar power. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 90 pounds each year. If you care about the environment, you'll most likely recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is invaluable.