16 Best Solar Companies in Smithfield, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Smithfield

When deciding on a solar company, most homeowners or business owners wonder about the costs above all. The cost of solar and the savings it generates vary depending on some important factors such as:

• Choice of solar panels: The kind of solar panels you want will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your home's orientation toward the sun: This, along with the configuration of your roof, affects affect how much power your solar panels can generate.
• Incentives: Something that can make your solar project cost less 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 money on your energy bills, which can result in an average of $14,000 of savings over 20 years.
• The cost of electricity in your area: If your local utility rates are quite high, there's a better chance you'll end up with a higher return on your investment in a solar system. In Smithfield, you can save an average of $83 a month on your electricity bills.

Solar is a profitable investment for most homeowners. You can produce your own power instead of paying for it from a utility company and benefit from solar incentives and rebates, all while helping the planet.

Solar Incentives in Smithfield

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more affordable and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. Our article on solar incentives goes over more information on the incentives you can benefit from in Smithfield.

Environmental Impact of Switching to Solar in Smithfield

There are many reasons to make the switch to solar energy, like saving on utility bills and helping to reduce your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Smithfield, though. In a place like Smithfield where commute times can be very long, installing solar panels can help offset some of your carbon dioxide emissions from driving a lot. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. As you can see, investing in solar has so many other benefits beyond saving money. One of the major ones is that you can help save the Earth too.