17 Best Solar Companies in Hopewell, VA (Oct 2022 Review)

The Cost and Benefits of Solar in Hopewell

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

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Additionally, you can save about $18,000 over 20 years on your utility bills, not including incentives.
• How much energy your household consumes: Households that consume lots of power each month may need more solar panels and, consequently, be more costly, but will also save more on their energy bills over time.
• Your city: This affects how much sunlight your roof gets, which helps determine how many panels you need.

Solar is a worthwhile investment for most homeowners. You can produce your own energy instead of paying for it from the grid and make use of solar incentives and rebates, all while helping preserve the Earth.

Solar Incentives in Hopewell

Since solar power is more sustainable than traditional energy sources, there are various government incentives available to encourage people to make the switch. 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, reducing the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. For comprehensive information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Hopewell

An important reason so many homeowners consider installing solar panels is to help reduce their environmental impact. You may be wondering — how much does going solar do for the planet anyway? For homeowners and business owners who care about the environment, switching to solar power is a no-brainer, especially since Hopewell produces a high amount of carbon dioxide emissions from its energy generation. In fact, if you adopt solar power, you could be looking at reducing your carbon dioxide emissions by about 60 pounds each year. If you want to do your part for the environment, you'll most likely get that there are many good things about adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.