13 Best Solar Companies in Canaan, PA (Mar 2023 Review)

The Cost and Benefits of Solar in Canaan

We understand that for lots of homeowners, the choice to invest in solar highly depends on installation costs. 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 currently allows you to reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Plus, you can save about $13,000 over 20 years on your utility bills, without incentives.
• How much energy costs for you: If your local utility rates are quite high, there's a better chance you'll see a higher return on your investment in solar panels. In Canaan, you can save an average of $81 a month on your electricity bills.
• The make and model of solar panels you want to get: More high-tech panels cost more, so that will affect your budget for your solar project.
• average energy usage: The more power your household consumes on average and the steeper your current power bills are, the more money you could save by making the switch to solar.

So is installing solar panels worth it? Whether you hope to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Canaan homeowners.

Solar Incentives in Canaan

Adopting solar power has many great benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly use the ITC with other local incentives. For comprehensive information about incentives for homeowners in Canaan, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Canaan

Many want to do their part to help protect the environment, which in many cases is the prime motivation to install a solar system. But you may be curious — how much exactly can you help by using solar power? The EPA reports that electricity generation is the second largest source of greenhouse gas emissions and about 62% of our electricity comes from burning fossil fuels. Switching to a clean energy source like solar power can help bring down that number in a city like Canaan that accounts for a fair amount of carbon dioxide emissions each year. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have produced if you still used traditional energy. In Canaan, you can reduce your carbon footprint by 50 pounds a year with solar panels. 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 preserve the environment, which some would argue is more valuable.