9 Best Solar Companies in Madison, SD (Feb 2023 Review)

The Cost and Benefits of Solar in Madison

For many people, the decision of which solar company to choose comes down to pricing. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, including:

• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $16,000 on your energy bills over 20 years not including incentives.
• Average daily sunlight: Since Madison gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your electricity bills will be.
• Choice of solar panels: The type of solar panels you buy 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 you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Energy consumption: Installing a solar system may be too pricey an investment for families that don't use too much energy per month.

Solar is a worthwhile investment for most homeowners. You can produce your own energy instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping the environment.

Solar Incentives in Madison

Switching to solar power has plenty of considerable benefits. Not only can it help protect the Earth, but you can also save a good amount of money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives that can save you some extra money too. For comprehensive information about incentives for homeowners in Madison, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Madison

An important reason so many homeowners are thinking of going solar is to help lower their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Madison, though. The more energy you use, the better off the planet will be when you switch to solar as you won't have to burn as many fossil fuels. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good alternative to traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 90 pounds each year. For people who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.