15 Best Solar Companies in Farmville, VA (Oct 2022 Review)

The Cost and Benefits of Solar in Farmville

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will need to pay to install your system. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can lead to an average of $19,000 of savings over 20 years.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to produce as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets a lot of sunlight.
• average energy usage: The more electricity your home uses on average and the higher your current electricity bills are, the more money you could save by going solar.
• Your income and budget: This guides what type of solar panels you can afford.

There are many good benefits of solar even with the upfront cost of installation. It can help the planet and your wallet. Plus, it can increase the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Farmville

Since solar power is better for the environment than fossil fuels, there are a number of government incentives in place to encourage people to make the switch. When you install a solar panel system on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. For detailed information about incentives for homeowners in Farmville, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Farmville

A lot of people want to do their part for the environment, which for many is the primary reason for installing solar panels. But how much can switching to solar actually help the environment? Regardless of your location, you can help save the planet by switching to solar energy, but homes that consume more energy will have an even greater impact. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. If you want to do your part for the environment, you'll most likely recognize that there are many benefits of adopting solar energy other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.