17 Best Solar Companies in Elm Grove, WI (Mar 2023 Review)

The Cost and Benefits of Solar in Elm Grove

For the majority of homeowners, the decision to invest in solar energy comes down to the cost. The installation cost is just one important factor you should keep in mind when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• Typical energy usage: The more energy your home consumes on average and the larger your current energy bills are, the more likely you'll benefit from going solar.
• The type of solar panels you want to get: More high-tech panels have higher prices, so that will affect your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $21,000 over the first 20 years with your solar system, too.
• How much you spend on energy: If your local electricity rates are especially high, there's a good chance you'll get a higher return on your investment in a solar system. In Elm Grove, you can save an average of $136 a month on your electricity bills.

So is installing solar panels worth it? Whether you're trying to reduce your energy bills, carbon emissions or both, solar panels are a good investment for many Elm Grove homeowners.

Solar Incentives in Elm Grove

Since solar power is more sustainable than burning fossil fuels, there are several government incentives in place to encourage its adoption. These incentives typically include cash rebates, tax benefits and/or performance-based incentives. They can reduce how much you pay for installing solar panels by 30%, upwards of 50% depending on where you live. Our article on solar incentives goes over more detailed information on the incentives you can benefit from in Elm Grove.

Environmental Impact of Switching to Solar in Elm Grove

There are a few key reasons why homeowners are interested in solar energy: to put more money in their bank account and to help the planet. But how much can using solar energy instead of traditional energy actually affect the environment? Your energy usage is a key factor to think about. The more power your home uses, the larger your impact when you go solar. Although solar panel production releases carbon dioxide emissions, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Elm Grove, 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 benefits besides saving money. One of the major ones is that you can help save the planet too.