14 Best Solar Companies in Indiana, PA (Jan 2023 Review)

The Cost and Benefits of Solar in Indiana

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your system. The cost of solar and the savings it generates vary depending on some key factors such as:

• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on power bills than a roof that gets lots of sunlight.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Additionally, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• How much energy costs for you: The typical family in Indiana pays around $1,100 a year on energy use alone, so you could be looking at that much in savings.

Although a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, like the size of your solar panel system and your energy consumption.

Solar Incentives in Indiana

One of the great things about installing a solar panel system is receiving government incentives. When you install solar panels on your home, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there may often be some regional incentives that you can benefit from to further save. Check out our article on solar incentives to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Indiana

There are many reasons to switch to solar power, like saving on electricity bills and helping to lower your carbon footprint. A question many people might have in mind is how much can they really help preserve the environment by switching to solar power anyway? Regardless of your location, you can help the planet by switching to solar energy, but homes that consume more energy will have a greater impact. Though solar panel production emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Indiana, you can reduce your carbon footprint by 50 pounds a year with solar panels. The perks of solar power are infinite — just like solar power is! That's why so many homeowners have been happy with using solar energy.