12 Best Solar Companies in Pennside, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Pennside

The cost of putting up a solar panel system has decreased immensely over the past several years, but it's still a substantial investment for most homeowners. 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 such as:

• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and city may also have various incentives that you can benefit from. Plus, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.
• Your income and budget: This determines what type of solar panels you can get.
• average energy usage: The more electricity your household uses on average and the steeper your current electricity bills are, the more money you could save by making the switch to solar.
• Whether or not your roof gets a lot of direct sunlight: This, plus the configuration of your roof, affects affect how much energy your solar panels can generate.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Pennside

If you're thinking about making the switch to solar power, several government incentives and tax credits can drastically lower the installation costs and expedite the return on your investment. When you install solar panels on your home, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can take advantage of to further cut back on the cost of solar of solar panels. For comprehensive information about incentives for homeowners in Pennside, check out the table below.

Environmental Impact of Switching to Solar in Pennside

There are a few important reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. But how much can using solar energy instead of traditional energy actually help the environment? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 50 pounds each year. For people who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.