14 Best Solar Companies in Fallowfield, PA (2023 Reviews)

The Cost and Benefits of Solar in Fallowfield

Although solar panels can help save you a good amount of money on utility bills over time, it's necessary to consider the startup costs. Some important things that impact the upfront cost and potential savings over time include:

• Your energy bills: This will dictate how much money you might save. In Fallowfield, the average resident can save about $890 a year on their electricity bills.
• Incentives: Something that can make your solar project cost less 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 on your utility bills, which can result in an average of $12,000 of savings over 20 years.
• How much electricity your household consumes: Households that use a lot of energy each month may call for more solar panels and, consequently, more upfront cost, but will also save more on their energy bills over time.
• Your income and budget: This shapes what model of solar panels you can get.

Solar is a profitable investment for most homeowners. You can make your own energy instead of paying for it from a utility company and make use of solar incentives, all while helping preserve the planet.

Solar Incentives in Fallowfield

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more financially viable and accessible. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some state and city incentives that stack with the ITC too. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Fallowfield

Installing solar panels can have a positive effect on the environment. But how much can using solar energy instead of traditional energy actually help the environment? If your family consumes a lot of energy, you can impact the environment even more by switching to solar power. While making solar panels emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have released if you still used nonrenewable energy. In Fallowfield, you can reduce your carbon footprint by 80 pounds a year with solar panels. Since solar energy is abundant and generates electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help the planet.