14 Best Solar Companies in Belmont, VA (Feb 2023 Review)

The Cost and Benefits of Solar in Belmont

The cost of putting up solar panels has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. The overall price and potential savings vary depending on some important factors such as:

• System size and type: Some models are more expensive than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Electricity consumption: The average household in Belmont uses a lot of energy, and consequently may see more savings on electricity bills than other places.
• Incentives: Those who purchase and install a solar energy system this year can save 30% of their solar installation costs by using the federal solar investment tax credit. You can also save about $17,000 on your electricity bills over 20 years not including incentives.
• Your current energy bills: Solar panels can noticeably reduce, or totally eradicate, your utility bills. In Belmont, you can save an average of $121 a month.

There are several great benefits of solar despite the initial cost of installation. It can help the planet and your wallet. Additionally, it can increase the value of your home, leading to even more benefits if you decide to sell your home later.

Solar Incentives in Belmont

If you're thinking about switching to solar energy, various government incentives and tax credits can dramatically lower the cost of the project and speed up the return on your investment. There are quite a few federal, state and local rebates and tax credits that can earn you a decent amount of money back after buying solar panels. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Belmont

Many want to do their part to help protect the planet, which in many cases is the chief reason they're interested in installing solar panels. But how much can switching to solar actually help the environment? Something that can severely shape your carbon footprint is how long your commute is and how much you drive generally. If you go solar and drive an electric car, you can significantly reduce your carbon dioxide emissions by charging your car at home. Because solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. As you can see, going solar has so many other benefits outside of saving money. One of the major ones is that you can help save the environment too.