11 Best Solar Companies in Bixby, OK (Dec 2022 Review)

The Cost and Benefits of Solar in Bixby

The cost of putting up a solar panel system has dropped significantly over the past few years, but it's still a large investment for most homeowners. There are a few factors you should take into consideration when trying to determine the overall cost and how much you can save, including:

• How much power your home consumes: Households that need plenty of power each month may require more solar panels and, as a result, be more costly, but will also save more on their energy bills over time.
• The amount of sunlight your roof gets: This, plus your roof configuration, affects affect how much electricity your solar panels can generate.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can take advantage of. Additionally, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• Choice of solar panels: The type of solar panels you want will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.

There are lots of wonderful benefits of solar in spite of the initial cost of installation. It can help the planet and your wallet. Additionally, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Bixby

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you much money over time because of lower utility bills and government incentives. When you install a solar panel system, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there may often be some state and city incentives that you can use to further save. You can learn about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Bixby

A lot of people want to do what they can to help protect the planet, which often is the chief reason they're interested in installing solar panels. You may be asking yourself — how much does going solar do for the planet anyway? The more power your family uses, the better off the planet will be from you switching to solar since you won't need to use as much nonrenewable energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.