13 Best Solar Companies in Vermillion, SD (Mar 2023 Review)

The Cost and Benefits of Solar in Vermillion

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

• Choice of solar panels: The kind of solar panels you get 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 go with a higher number of more affordable panels.
• The amount of sunlight your home gets: Because of Vermillion's high amount of average daily sunlight, you should be able to save a decent amount on your electricity bills.
• average energy usage: The more power your household consumes on average and the larger your current power bills are, the more benefits you'll see from making the switch to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $16,000 over 20 years with your solar system, too.

So is buying solar panels worth it? Whether you want to lower your electric bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Vermillion homeowners.

Solar Incentives in Vermillion

There are lots of reasons why you should switch to solar. One of them involves some government incentives that can help save you some money. In addition to the federal solar investment tax credit, there are also some local incentives, which in the majority of cases, stack with the federal incentive, so you can save even more. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Vermillion

Going solar can have a meaningful effect on the environment. A question many people might have in mind is how much can they really help the environment by switching to solar power anyway? If your family uses a lot of energy, you can help the environment even more by switching to solar energy. While solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Vermillion, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.