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

The Cost and Benefits of Solar in Franklin

When picking a solar company, most homeowners or business owners think about the costs above all. There are a few factors you should take into consideration when determining how much it will cost and how much you can save, such as:

• Your household's power bills: Due to very high monthly energy bills in Franklin, you could save about $1,600 a year with solar.
• 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 local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $23,000 over 20 years with your solar panels, too.
• The model of solar panels you're planning on getting: Some have higher prices, so that will influence your budget for your solar project.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on power bills than a roof that gets lots of sunlight.

Solar is a fruitful investment for most homeowners. You can make your own energy instead of paying for it from the grid and benefit from solar incentives, all while helping protect the environment.

Solar Incentives in Franklin

To increase solar panel installation and usage, federal, state and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much your solar project cost on your tax return, reducing the amount of taxes you owe that year. In addition, there may be some state and city incentives you can benefit from too. Check out our article on solar incentives to see what incentives are available to you.

Environmental Impact of Switching to Solar in Franklin

There are a few important reasons why many people are interested in solar energy: to put more money in their bank account and to help the planet. Something many homeowners might have in mind is how much can they really help preserve the environment by going solar anyway? No matter where you are, you can help the environment by switching to solar energy, but homes that use lots of energy will have a bigger impact. Even though making solar panels emits carbon dioxide, the panels make up for it by significantly reducing the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Franklin, you can reduce your carbon footprint by 90 pounds a year with solar panels. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.