16 Best Solar Companies in Wakefield, VA (Mar 2023 Review)

The Cost and Benefits of Solar in Wakefield

For most homeowners, the decision to invest in a solar energy system depends the most on the cost. Some important things that determine the cost and possible savings include:

• Average daily sunlight: Since Wakefield gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their solar installation costs by taking advantage of the federal solar investment tax credit. You can also save about $17,000 on your electricity bills over 20 years without incentives.
• How much energy costs for you: If your local power rates are especially high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Wakefield, you can save an average of $121 a month on your electricity bills.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money 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.

So are solar panels worth it? Whether you'd like to lower your electricity costs, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Wakefield homeowners.

Solar Incentives in Wakefield

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make going solar more financially viable and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other state and city incentives. For detailed information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Wakefield

If you want to add solar panels to your home, one of the major reasons why may be to lower your carbon footprint. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Wakefield, though. The more power your family uses, the better off the planet will be if you switch to solar as you won't need to burn as many fossil fuels. In Wakefield, the average person can lower their carbon footprint by 60 pounds a year once they go solar. Since solar energy is plentiful and makes electricity without CO2 emissions, making the switch to solar power is one easy step you can take to help preserve the planet.