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

The Cost and Benefits of Solar in Franklin Farm

The cost of putting up a solar panel system has gone down significantly over the past few years, but it's still a substantial investment for most homeowners. There are quite a few factors you should consider when determining costs and your potential savings, including:

• Your current electricity bills: Solar panels can substantially reduce, or entirely eradicate, your utility bills. In Franklin Farm, you can save an average of $121 a month.
• Incentives: Tax-paying citizens who install a solar energy system this year can save 30% of their total solar spend by using the federal solar investment tax credit. You can also save about $17,000 on your energy bills over 20 years without incentives.
• Choice of solar panels: The type of solar panels you are interested in getting 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.
• How much energy your home consumes: Homes that use lots of electricity each month may call for more solar panels and, consequently, more upfront cost, but will also enjoy more savings over time.

There are many great benefits of solar even with the upfront cost of installation. It can help the environment and your wallet. In addition, it can raise the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Franklin Farm

One of the good things about installing a solar panel system is receiving incentives from the government. These incentives typically consist of cash rebates, tax breaks and/or performance-based incentives. They can lower the cost of installing solar panels by 30%, upwards of 50% in some cases. Our article on solar incentives goes over more in-depth information on the incentives you can take advantage of in Franklin Farm.

Environmental Impact of Switching to Solar in Franklin Farm

There are a few main reasons why many people want to invest in solar energy: for the good of their bank accounts and the planet. You may be trying to figure out — how much do solar panels do for the planet anyway? In a city like Franklin Farm where energy use is particularly high, going solar is a fantastic plan for households who are worried about the state of the planet. In Franklin Farm, the average resident can reduce their carbon footprint by 60 pounds a year after going solar. As you can see, trading traditional energy for solar has so many other rewards apart from saving money. One of the major ones is that you can help save the Earth too.