17 Best Solar Companies in Hampden, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Hampden

We get that for many homeowners, the choice to invest in solar rests on installation costs. Some significant things that influence the upfront cost and potential savings over time include:

• Your home's power bills: Due to fairly high monthly electricity bills in Hampden, you could save about $970 a year with solar.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of your solar system installation from your federal taxes. In addition, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Electricity consumption: The average home in Hampden uses a decent amount of, and therefore may save on their energy bills.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.

There are many good benefits of solar despite the initial cost of installation. It can help the environment and your finances. In addition, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Hampden

Although installing solar panels is typically a big investment, it can save you a substantial amount of money in the long term due to smaller power bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. Take a look at the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in Hampden

If you're planning on adding solar panels to your home, one of the major reasons why may be to lower your carbon dioxide emissions. But — how much exactly can you help by using solar power? How much energy you use is a significant factor to keep in mind. The more electricity your household consumes, the greater your impact when you make the switch to solar power. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used traditional energy. In Hampden, you can reduce your carbon footprint by 50 pounds a year with solar panels. If you want to do your part for the environment, you'll no doubt find that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.