18 Best Solar Companies in Petersburg, VA (Oct 2022 Review)

The Cost and Benefits of Solar in Petersburg

Although solar panels can help save you money on power bills over time, it's important to consider the upfront costs. A few key factors that determine how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• How much electricity your home consumes: Households that need plenty of power each month may require more solar panels and, consequently, be more expensive, but will also benefit more over time.
• Incentives: Those who purchase and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $18,000 on your energy bills over 20 years excluding incentives.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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 sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on power bills than a house with a roof that gets lots of sunlight.

There are several great benefits of solar despite the upfront cost of installation. It can help the Earth and your bank account. In addition, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Petersburg

Although solar power is typically a big investment, it can save you a significant amount of money over several years because of lower power bills and government incentives. You 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 state and city incentives. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Petersburg

Installing solar panels can have a beneficial impact on the environment. You may be trying to figure out — how much do solar panels help the planet anyway? If your household uses a lot of energy, you can impact the environment even more by switching to solar energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 60 pounds each year. The great things about solar power are infinite — just like solar power is! That's why so many homeowners have been happy with using solar energy.