16 Best Solar Companies in Collinsville, VA (Mar 2023 Review)

The Cost and Benefits of Solar in Collinsville

Solar panels are powered by a free energy source — the sun — but to take advantage of this you first need to pay to install your system. There are several factors you should consider when trying to figure out costs and your potential savings, including:

• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $18,000 over the first 20 years with your solar panels, too.
• Electricity consumption: The average home in Collinsville uses a lot of energy, and as a result may see more savings on electricity bills than other places.
• Your location: This affects the average daily sunlight your roof gets, which helps determine how many panels you need.

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

Solar Incentives in Collinsville

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Collinsville

Switching to solar energy can have a beneficial impact on the environment. A question many might be thinking about is how much can they really help protect the environment by going solar anyway? The more power you use, the the more the environment will benefit when you switch to solar as you won't need to burn as many fossil fuels. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. If you want to do your part for the environment, you'll no doubt recognize that there are many good things about adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.