13 Best Solar Companies in Woodward, PA (Sep 2022 Review)

The Cost and Benefits of Solar in Woodward

The cost of installing a solar panel system has dropped significantly in the past few years, but it's still a significant investment for most homeowners. There are several factors you should take into consideration when trying to figure out the overall cost and how much you can save, including:

• Your home's orientation toward the sun: This, and the configuration of your roof, affects affect how much energy your solar panels can generate.
• 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 Woodward, you can save an average of $110 a month on your electricity bills.
• Choice of solar panels: The type of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money 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.
• Incentives: One thing 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 utility bills, which can result in an average of $18,000 of savings over 20 years.

So is a solar system worth it? Whether you're trying to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many Woodward homeowners.

Solar Incentives in Woodward

One of the good 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 anywhere from 26% to 50% of your money in return after paying for a solar panel system. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Woodward

Many want to do what they can to help save the environment, which often is the chief reason for installing a solar system. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Woodward, though. Something that can dramatically affect your carbon footprint is your commute time and how much you drive overall. If you install solar panels and have an electric car, you can vastly cut back on your carbon dioxide emissions by charging your car at home. Although solar panel production releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have produced if you still used traditional energy. In Woodward, you can reduce your carbon footprint by 50 pounds a year with solar panels. If you care about the environment, you'll likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.