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

The Cost and Benefits of Solar in Wayne

For a lot of homeowners, whether or not to invest in solar panels boils down to the cost. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• How much sunlight your roof gets: If your roof gets limited direct sunlight, your solar system won't be able to make as much energy, which will leave you with lower savings on electricity bills than a house with a roof that gets a lot of sunlight.
• Electricity consumption: The average household in Wayne uses a decent amount of, and as a result may save on their energy bills.
• Your power bills: This will dictate how much money you might save. In Wayne, the average homeowner can save about $960 a year on their electricity bills.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over time. The question of how much, though, depends on several factors, like the kind of solar panels you get and incentives.

Solar Incentives in Wayne

In order to increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more affordable and accessible. When you install a solar panel system on your home, you can claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there are often some state and city incentives that you can take advantage of to further save. For more information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Wayne

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your carbon dioxide emissions. Something many might have in mind is how much can they really help save the environment by going solar anyway? If your family uses lots of energy, you can have an even greater impact on the planet by switching to solar power. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. The perks of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with committing to solar.