14 Best Solar Companies in Evansville, WI (Feb 2023 Review)

The Cost and Benefits of Solar in Evansville

The cost of putting up a solar panel system has decreased immensely in the past few years, but it's still a significant investment for most homeowners. Some significant things that influence the cost and possible savings include:

• The kind of solar panel system you can buy: This hinges on your income and budget.
• Your current energy bills: Solar panels can greatly lower, or entirely eradicate, your utility bills. In Evansville, you can save an average of $116 a month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $18,000 over the first 20 years with your system, too.
• average energy usage: The more power your home consumes on average and the larger your current power bills are, the more likely you'll benefit from switching to solar.

So is buying solar panels worth it? Whether you hope to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many Evansville homeowners.

Solar Incentives in Evansville

If you're planning on switching to solar power, various government incentives and state programs can dramatically lower the cost of the project and expedite the return on your investment. These incentives typically take the form of cash rebates, tax credits and/or performance-based incentives. They can reduce how much you pay for installing solar panels by 30%, upwards of 50% depending on your location. For detailed information about incentives that apply to you, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Evansville

One of the most compelling reasons to use solar power is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. You may be asking yourself — how much does going solar do for the planet anyway? The amount of energy you use is a key factor to think about. The more power your home uses, the greater your impact when you go solar. While making solar panels emits carbon dioxide, the panels make up for it by significantly decreasing the amount of CO2 you would have produced if you still used traditional energy. In Evansville, you can reduce your carbon footprint by 100 pounds a year with solar panels. Since energy from the sun is plentiful and generates electricity without CO2 emissions, installing solar panels is one easy step you can take to help preserve the planet.