13 Best Solar Companies in Norway, WI (Feb 2023 Review)

The Cost and Benefits of Solar in Norway

Solar panels run off a free energy source — the sun — but before you can take advantage of this you must first pay to install your system. Some significant things that determine the cost and possible savings include:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $22,000 over 20 years on your energy bills.
• System size and type: Some models are more costly than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much energy costs for you: The average household in Norway spends around $1,600 a year on home energy use alone, so you could gain that much in savings.
• How much energy your home consumes: Households that need plenty of power each month may need more solar panels and, therefore, be more expensive, but will also benefit more over time.

Although a solar panel system costs a sizable chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, including the amount of daily direct sunlight available and your local electricity rates.

Solar Incentives in Norway

Adopting solar power has lots of considerable benefits. Not only can it help preserve the environment, but you can also save a good amount of money on your installation with various government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. Check out our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Norway

One of the most compelling reasons to use solar energy is to decrease your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Norway, though. Everyone can help the environment by switching to solar energy, but homes that consume more energy will have an even bigger impact. Once you go solar, your carbon dioxide emissions can be reduced by about 90 pounds every year. Since solar power is renewable and makes electricity without releasing carbon emissions, installing solar panels is one easy step you can take to help preserve the environment.