13 Best Solar Companies in Economy, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Economy

For many people, the decision of which solar company to hire depends on pricing. A few key factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• Choice of solar panels: The type of solar panels you need will affect your total cost. High-efficiency monocrystalline panels will cost more 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.
• Electricity consumption: The average home in Economy uses a decent amount of, and therefore may save on their energy bills.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can take advantage of. Additionally, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• Average daily sunlight: Since Economy doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which affects how much you can save on your energy bills.

So is installing solar panels worth it? Whether you'd like to lower your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Economy homeowners.

Solar Incentives in Economy

Since solar power is better for the environment than burning fossil fuels, there are some government incentives available to encourage its adoption. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local rebates and benefits. For comprehensive information about incentives that apply to you, check out the table below.

Environmental Impact of Switching to Solar in Economy

Lots of people want to do their part to help the environment, which for many is the prime motivation to install solar panels. You may be asking yourself — how much do solar panels help the planet anyway? In a place like Economy where commute times can be pretty long, installing solar panels can help help reduce the carbon footprint of being on the road a lot. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good swap for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 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.