17 Best Solar Companies in Xenia, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Xenia

When picking a solar company, most homeowners or business owners worry about the costs above all. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things 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. Plus, not including incentives, you can save about $12,000 over 20 years on your energy bills.
• How much electricity your home consumes: Homes that use lots of power each month may call for more solar panels and, therefore, be more expensive, but will also save more on their energy bills over time.
• Your income and budget: This guides what type of solar panels you can afford.
• The amount of sunlight your area gets: Due to Xenia's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.

There are lots of great benefits of solar even with the initial cost of installation. It can help the environment and your finances. Additionally, it can boost the value of your home, resulting in even more benefits if you want to sell your home later.

Solar Incentives in Xenia

Because solar power is a cleaner source of energy than fossil fuels, there are several government incentives in place to encourage its adoption. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can take advantage of to further save. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Xenia

There are a few important reasons why homeowners want to invest in solar energy: to put more money in their bank account and to help the planet. But how much can installing solar panels actually affect the environment? Regardless of your location, you can help protect the environment by switching to solar energy, but homes that consume lots of energy will have a greater impact. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 90 pounds each year. If you want to do what you can for the environment, you'll most likely understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.