18 Best Solar Companies in Willoughby Hills, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Willoughby Hills

The cost of putting up solar panels has decreased immensely in the past few years, but it's still a substantial investment for most homeowners. The installation cost is just one important factor you should consider when looking into installing solar panels. How much it'll cost and how much you can save depend on things such as:

• The kind of solar panels you're thinking of getting: More efficient panels are more highly priced, so that will affect your budget for your solar project.
• Energy consumption: Installing a solar system may be a high-cost investment for households that don't consume a good amount of energy a month.
• Your current electric bills: Solar panels can greatly lower, or completely eradicate, your utility bills. In Willoughby Hills, you can save an average of $91 a month.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $13,000 over 20 years on your energy bills.

So is a solar panel system worth it? Whether you're trying to lower your electricity costs, carbon emissions or both, solar panels are a solid investment for many Willoughby Hills homeowners.

Solar Incentives in Willoughby Hills

If you're thinking about making the switch to solar power, a variety of government incentives and state programs can dramatically reduce the installation costs and speed up the return on your investment. These incentives typically consist of cash rebates, tax breaks and/or solar renewable energy credits. They can lower how much you end up spending on going solar by 30%, upwards of 50% in some cases. In our article on solar incentives, you can read about the incentives you qualify for in Willoughby Hills.

Environmental Impact of Switching to Solar in Willoughby Hills

There are a few important reasons why homeowners are considering solar energy: for the good of their bank accounts and the planet. But how much can installing solar panels actually affect the environment? How much energy you use is an important factor to keep in mind. The more electricity you use, the larger your impact when you make the switch to solar power. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 80 pounds each year. For people who want to help the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.