13 Best Solar Companies in Mcloud, OK (Mar 2023 Review)

The Cost and Benefits of Solar in Mcloud

For most homeowners, whether or not to invest in solar energy boils down to the cost. The cost and possible savings vary depending on some important factors such as:

• Energy consumption: Solar may be a high-cost investment for homes that don't consume a lot of energy each month.
• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar system won't be able to make as much energy, which will give you lower savings on electric bills than someone with a roof that gets plenty of sunlight.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your power bills, which can result in an average of $17,000 of savings over 20 years.

There are several wonderful benefits of solar in spite of the upfront cost of installation. It can help the Earth and your bank account. Additionally, it can increase the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Mcloud

In order to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly pair the ITC with other local rebates and benefits. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Mcloud

One of the most compelling reasons to adopt solar power is to cut your dependence on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. But you may be wondering — how much exactly can you help the planet by making the switch to solar? If your home 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 trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 100 pounds each year. Since solar energy is renewable and produces electricity without a carbon footprint, adding solar panels to your home is one easy step you can take to help the environment.