14 Best Solar Companies in Beaver Dam, WI (2023 Reviews)

The Cost and Benefits of Solar in Beaver Dam

We understand that for lots of homeowners, the decision to invest in solar rests on installation costs. Some key things that impact how much it will cost and how much you could save include:

• Choice of solar panels: The type of solar panels you need 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 space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Your power bills: This will dictate your savings. In Beaver Dam, the average homeowner can save about $1,600 a year on their electricity bills.
• Energy consumption: Installing a solar system may be an expensive option for households that don't need too much energy per month.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $21,000 over 20 years on your utility bills, before factoring in incentives.

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

Solar Incentives in Beaver Dam

Although installing solar panels is typically a large investment, it can save you a lot of money over several years because of smaller energy bills and government incentives. There are a lot of federal, state and local rebates and tax credits that may earn you a decent amount of money back after paying for a solar panel system. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Beaver Dam

If you're considering adding solar panels to your home, one of the main reasons why may be to reduce your reliance on nonrenewable energy. But you may be wondering — how much exactly can you help the planet by making the switch to solar? Going solar is an impactful choice for the environment, because the largest source of greenhouse gas emissions in the nation is from burning fossil fuels for electricity, heat, and transportation — all of which can be powered by solar instead. In Beaver Dam, the average household can lower their carbon footprint by 100 pounds a year once they go solar. Since energy from the sun is abundant and produces electricity without CO2 emissions, installing solar panels is one easy step you can take to help the planet.