13 Best Solar Companies in Oil City, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Oil City

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will need to pay to install your system. 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 such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $17,000 over the first 20 years with your solar system, too.
• The type of solar panel system you can afford: This is dependent on what your budget is.
• Your current energy bills: Solar panels can greatly reduce, or entirely eliminate, your utility bills. In Oil City, you can save an average of $106 a month.
• Energy consumption: Installing solar panels may be too pricey an option for homes that don't consume too much energy per month.

Solar is a profitable investment for most homeowners. You can produce your own electricity instead of paying for it from a utility company and take advantage of solar tax credits and rebates, all while helping the environment.

Solar Incentives in Oil City

One of the good things about installing a solar panel system is earning federal and potentially state incentives. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. In our article on solar incentives, you can read about the incentives you qualify for in Oil City.

Environmental Impact of Switching to Solar in Oil City

There are lots of reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. But how much can switching to solar actually help the environment? The more power you use, the better off the planet will be when you switch to solar as you won't need to use as much nonrenewable energy. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. If you want to do your part for the environment, you'll no doubt find that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is worth more.