17 Best Solar Companies in Hampden, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Hampden

Although solar panels can save you a decent chunk of change on energy bills over time, it's necessary to take into consideration the startup costs. The installation cost is just one important factor you should keep in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• How much electricity your home consumes: Households that use plenty of power each month may call for more solar panels and, therefore, be more expensive, but will also enjoy more savings over time.
• The kind of solar panels you can afford: This is dependent on your income and budget.
• Incentives: One thing 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 a decent amount of money on your power bills, which can lead to an average of $14,000 of savings over 20 years.
• How much energy costs for you: The average household in Hampden shells out around $970 a year on power alone, so you could end up with that much in savings.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the size of your solar panel system and your local electricity rates.

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. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Hampden

Making the switch to solar power is a great way to do what you can for a more eco-friendly future. But how much can using solar energy instead of traditional energy actually help the environment? No matter where you are, you can help the planet by switching to solar energy, but homes that consume lots of energy will have an even bigger impact. When you go solar, your carbon dioxide emissions can be cut by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other benefits outside of saving money. One of the major ones is that you can help save the planet too.