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

The Cost and Benefits of Solar in Madison Heights

We get that for many homeowners, the decision to invest in solar hinges on installation costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• 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 20 years with your solar system, too.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Typical energy usage: The more electricity your household consumes on average and the larger your current electricity bills are, the more likely you'll benefit from switching to solar.
• Average daily sunlight: Since Madison Heights gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which influences how much your electricity bills will be.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the Earth and your finances. Additionally, it can raise the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Madison Heights

To increase the adoption of solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economical and accessible. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also possibly stack the ITC with other local rebates and benefits. The table below gives you an idea of the incentives you can take advantage of in Madison Heights.

Environmental Impact of Switching to Solar in Madison Heights

Installing solar panels is a good way to do your part for a greener future. Something many might have in mind is how much can they really help the environment by switching to solar power anyway? One thing you should consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. If you go solar, your carbon dioxide emissions can be lowered by about 100 pounds each year. If you care about the environment, you'll no doubt understand that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is more valuable.