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

The Cost and Benefits of Solar in Honesdale

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your system. There are a few factors you should consider when determining how much it will cost and how much you can save, including:

• The kind of solar panels you can purchase: This depends on what your budget is.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $13,000 over 20 years with your solar panels, too.
• Electricity consumption: The average home in Honesdale uses a decent amount of, and as a result may save on their energy bills.
• Your household's power bills: Based on the fairly high monthly energy bills in Honesdale, you could save about $970 a year with solar.

As a result of solar panels now being cheaper than ever as well as various solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Honesdale

Switching to solar power has a lot of considerable benefits. Not only can it help protect the planet, but you can also save a good amount of money on your installation with various 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 your project costs when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some local incentives that can save you some extra money too. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Honesdale.

Environmental Impact of Switching to Solar in Honesdale

There are lots of reasons to make the switch to solar energy, like saving on utility bills and helping to lower your carbon footprint. But how much can switching to solar actually affect the environment? Your energy usage is a significant factor to think about. The more electricity you use, the greater your impact when you go solar. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used traditional energy. In Honesdale, 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 likely recognize that there are many good things about adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.