12 Best Solar Companies in South Hill, VA (Aug 2022 Review)

The Cost and Benefits of Solar in South Hill

For most homeowners, whether or not you should invest in solar panels boils down to the cost. Some main factors that determine how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• Incentives: Something 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 money on your power bills, which can result in an average of $19,000 of savings over 20 years.
• Average daily sunlight: Since South Hill 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 you can save on your energy bills.
• Your power bills: This will dictate your savings. In South Hill, the average resident can save about $1,600 a year on their electricity bills.
• Energy consumption: Installing solar panels may be an expensive investment for households that don't consume too much energy per month.

Even though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, like the size of your solar panel system and your energy consumption.

Solar Incentives in South Hill

There are several reasons why adopting solar power is beneficial. One of them includes some government incentives that can help save you some money. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially pair the ITC with other state and city rebates and benefits. Check out the table below to see what incentives are available to you.

Environmental Impact of Switching to Solar in South Hill

There are lots of reasons to trade traditional energy for solar energy, like saving some money on electricity bills and helping to reduce your carbon footprint. A question many people might have in mind is how much can they really help protect the environment by going solar anyway? If your home uses lots of energy, you can have an even greater impact on the planet by switching to solar energy. Because solar panels don't release CO2 emissions into the atmosphere when generating 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 want to do what you can for 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 more valuable.