17 Best Solar Companies in Smithfield, VA (2023 Reviews)

The Cost and Benefits of Solar in Smithfield

The cost of putting up a solar panel system has gone down significantly in the past several years, but it's still a significant investment for most homeowners. Some key factors that influence the cost of installing solar panels on your home and how much money you could save over time are:

• Your income and budget: This determines what model of solar panels you can afford.
• Energy consumption: Installing solar panels may be too pricey an investment for homes that don't consume a lot of energy a month.
• Incentives: One thing that can reduce the cost of your solar project 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 a decent amount of money on your energy bills, which can result in an average of $18,000 of savings over 20 years.
• Average daily sunlight: Since Smithfield gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much your electricity bills will be.

So is installing solar panels worth it? Whether you'd like to decrease your electric bills, carbon emissions or both, solar panels are a worthwhile investment for many Smithfield homeowners.

Solar Incentives in Smithfield

Although a solar power system is typically a big investment, it can save you a significant amount of money over the lifespan of your solar panels due to lower power bills and government incentives. These incentives typically consist of cash rebates, tax credits and/or solar renewable energy credits. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% depending on your location. Our article on solar incentives has more information on the incentives you can take advantage of in Smithfield.

Environmental Impact of Switching to Solar in Smithfield

Switching to solar energy can have a positive effect on the environment. You may be asking yourself — how much does making the switch help the planet anyway? Regardless of your location, you can help save the environment by switching to solar energy, but homes that consume a lot of energy will have a greater impact. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could lower your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll most likely get that there are many good things about adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.