15 Best Solar Companies in Monroe, PA (Sep 2022 Review)

The Cost and Benefits of Solar in Monroe

For many people, the decision of which solar installer to hire comes down to how much it'll cost. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• The model of solar panels you're thinking of getting: More efficient panels are more expensive, so that will affect your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• Your home's power bills: Based on the fairly high monthly electricity bills in Monroe, you could save about $1,100 a year with solar.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on electric bills than someone with a roof that gets plenty of sunlight.

There are several great benefits of solar in spite of the initial cost of installation. It can help the planet and your finances. In addition, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Monroe

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over the lifespan of your solar panels because of smaller power bills and government incentives. There are quite a few federal, state and local rebates and tax credits that earn anywhere from 26% to 50% of your money in return after paying for solar panels. Take a look at the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Monroe

One of the reasons so many homeowners are thinking of adopting solar energy is to help reduce their environmental impact. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? In a city like Monroe where energy use is rather high, installing solar panels is a good plan for people who are worried about the state of the planet. When you go solar, your carbon dioxide emissions can be cut by about 50 pounds every year. The benefits of solar power are abundant — just like solar power is! That's why so many Monroe residents have been happy with committing to solar.