16 Best Solar Companies in Greenville, TX (Oct 2022 Review)

The Cost and Benefits of Solar in Greenville

We know that for many homeowners, the choice to invest in solar comes down to installation costs. There are quite a few factors you should consider when determining costs and your potential savings, such as:

• Average daily sunlight: Since Greenville gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• Electricity consumption: The average home in Greenville uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• The type of solar panels you have the money for: This hinges on what your budget is.

As a result of solar panels now being cheaper than ever as well as several solar incentives, they are a cost-effective investment for most homeowners.

Solar Incentives in Greenville

There are many good reasons why you should switch to solar. One of them consists of some government incentives you can take advantage of. When you install solar panels, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can benefit from to further cut back on the cost of solar of solar panels. Take a look at the table below to see what incentives you can benefit from.

Environmental Impact of Switching to Solar in Greenville

There are tons of reasons to trade traditional energy for solar energy, like saving on electricity bills and helping to lower your carbon footprint. You may be trying to figure out — how much do solar panels do for the environment anyway? In a city like Greenville where energy use is particularly high, making the switch to solar power is a good plan for homeowners who want to do their part for the environment. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 80 pounds each year. For those who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.