18 Best Solar Companies in Titusville, PA (Mar 2023 Review)

The Cost and Benefits of Solar in Titusville

We understand that for lots of homeowners, the decision to invest in solar rests on installation costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall 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 system, too.
• Your current energy bills: Solar panels can noticeably reduce, or entirely eradicate, your utility bills. In Titusville, you can save an average of $105 a month.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• How much power your household consumes: Homes that consume lots of energy each month may call for more solar panels and, as a result, be more costly, but will also benefit more over time.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Titusville

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you much money over several years because of smaller energy bills and government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other state and city rebates and benefits. Our article on solar incentives has more information on the incentives you can take advantage of in Titusville.

Environmental Impact of Switching to Solar in Titusville

Going solar can have a positive effect on the environment. But how much can switching to solar actually help the environment? In a city like Titusville where energy use is rather high, making the switch to solar power is a good plan for those who are worried about the state of the planet. Although making solar panels releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Titusville, you can reduce your carbon footprint by 50 pounds a year with solar panels. Since energy from the sun is renewable and generates electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help protect the planet.