17 Best Solar Companies in Radnor, PA (Sep 2022 Review)

The Cost and Benefits of Solar in Radnor

Although solar panels can save you a good amount of money on energy bills over time, it's necessary to consider the upfront costs. There are a few factors you should consider when trying to figure out costs and your potential savings, including:

• How much energy your household consumes: Households that need lots of energy each month may require more solar panels and, as a result, be more expensive, but will also benefit more over time.
• The model of solar panels you can buy: This hinges on how much you're willing to spend upfront.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Additionally, not including incentives, you can save about $16,000 over 20 years on your energy bills.
• Your current energy bills: Solar panels can greatly decrease, or entirely eradicate, your utility bills. In Radnor, you can save an average of $89 a month.

There are lots of good benefits of solar even with the initial cost of installation. It can help the Earth and your wallet. Additionally, it can boost the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Radnor

One of the great things about installing a solar panel system is receiving federal and potentially state incentives. There are a lot of federal, state and local rebates and tax credits that can earn you some money back after paying for solar panels. In the table below, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Radnor

Going solar can have a beneficial effect on the environment. But you may be wondering — how much exactly can you help the planet by making the switch to solar? The more energy your house uses, the the more the environment will benefit if you switch to solar as you won't have to use as much nonrenewable energy. Since solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. The great things about solar power are abundant — just like solar power is! That's why so many homeowners have been happy with committing to solar.