18 Best Solar Companies in Waterville, OH (Mar 2023 Review)

The Cost and Benefits of Solar in Waterville

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your panels. There are a few factors you should consider when trying to figure out costs and your potential savings, including:

• The model of solar panels you can afford: This hinges on what your budget is.
• The amount of sunlight your home gets: Thanks to Waterville's relatively low amount of average daily sunlight, you might not see as many savings on your electricity bills.
• Your power bills: This will determine how much money you might save. In Waterville, the average homeowner can save about $1,100 a year on their electricity bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly 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. Aside from incentives, you can save an average of $14,000 over the first 20 years with your solar panels, too.

Due to solar panels decreasing in cost as well as various solar incentives, they are a sound investment for many homeowners.

Solar Incentives in Waterville

Because solar power is better for the environment than fossil fuels, there are a number of government incentives in place to encourage its adoption. State and city solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for home solar power systems, in addition to the federal solar tax credit. Take a look at our article on solar incentives to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Waterville

Many want to do their part to help the environment, which in many cases is the primary reason for installing a solar system. But how much can switching to solar actually help the environment? How much energy you use is a key factor to keep in mind. The more electricity you use, the bigger your impact when you make the switch to solar power. Even though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by significantly decreasing the amount of CO2 you would have produced if you still used nonrenewable energy. In Waterville, you can reduce your carbon footprint by 90 pounds a year with solar panels. If you care about the environment, you'll likely recognize that there are many good things about adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.