17 Best Solar Companies in Radnor, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Radnor

Solar panels run off a free energy source — the sun — but to take advantage of this you first need to pay to set up your system. Some important things that impact the cost and possible savings include:

• Your current electricity bills: Solar panels can substantially lower, or entirely eradicate, your utility bills. In Radnor, you can save an average of $89 a month.
• How much electricity your home consumes: Households that use a lot of power each month may require more solar panels and, consequently, be more expensive, but will also save more on their energy bills over time.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save on your utility bills, which can give you an average of $16,000 of savings over 20 years.
• The model of solar panels you can buy: This depends on how much you're willing to invest upfront.

Thanks to solar panels now being cheaper than ever as well as local and federal solar incentives, they are a sound investment for most homeowners.

Solar Incentives in Radnor

Although a solar power system is typically a big investment, it can save you a substantial amount of money over many years because of reduced power bills and government incentives. In addition to the federal solar investment tax credit, there are also some local programs, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Radnor

One reason so many homeowners are considering adopting solar energy is to help lower their environmental impact. You may be asking yourself — how much does making the switch help the planet anyway? Everyone can help protect the planet by switching to solar energy, but homes that use lots of energy will have a greater impact. In Radnor, the average homeowner can lower their carbon footprint by 60 pounds a year once they go solar. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.