17 Best Solar Companies in East Troy, WI (2023 Reviews)

The Cost and Benefits of Solar in East Troy

The cost of installing solar panels has decreased significantly in the past several years, but it's still a substantial investment for most homeowners. Some key things that determine the cost and possible savings include:

• Your energy bills: This will affect your savings. In East Troy, the average homeowner can save about $1,600 a year on their electricity bills.
• Incentives: Those who buy and 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 $22,000 on your utility bills over 20 years not including incentives.
• The type of solar panel system you can buy: This hinges on how much you're willing to spend upfront.
• Typical energy usage: The more electricity your home consumes on average and the larger your current electricity bills are, the more likely you'll benefit from switching to solar.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a solid investment for the majority of homeowners.

Solar Incentives in East Troy

In order to increase the number of homes and businesses that use solar power, federal, state and local governments — and even some utility companies — offer incentives to help make solar power more economically viable and accessible. There are several federal, state and local rebates and tax credits that let you earn anywhere from 30% to 50% of your money in return after paying for a solar panel system. In our article on solar incentives, you can see the incentives you qualify for in East Troy.

Environmental Impact of Switching to Solar in East Troy

One of the most compelling reasons to embrace solar power is to minimize your dependence on traditional energy sources like burning fossil fuels, which are damaging for the environment. You may be asking yourself — how much do solar panels do for the environment anyway? If your home consumes lots of energy, you can have an even greater impact on the planet by switching to solar power. While solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by greatly lowering the amount of CO2 you would have released if you still used traditional energy. In East Troy, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, investing in solar has so many other perks beyond saving money. One of the main ones is that you can help save the planet too.