18 Best Solar Companies in Richfield, WI (Jan 2023 Review)

The Cost and Benefits of Solar in Richfield

For lots of homeowners, whether or not to invest in solar panels comes down to the cost. There are several factors you should take into consideration when determining costs and your potential savings, such as:

• Average daily sunlight: Since Richfield gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which influences how much you can save on your energy bills.
• Your household's power bills: Based on the very high monthly electric bills in Richfield, you could save about $1,500 a year with solar.
• The type of solar panels you can purchase: This hinges on how much you're willing to invest upfront.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $20,000 over 20 years on your energy bills.

There are lots of great benefits of solar in spite of the initial cost of installation. It can help the planet and your finances. In addition, it can increase the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Richfield

Because solar power is more sustainable than traditional energy sources, there are quite a few government incentives in place to encourage its adoption. Local solar incentive programs vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. Take a look at our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Richfield

There are a few key reasons why many people want to invest in solar energy: for the good of their bank accounts and the planet. But you may be curious — how much exactly can you help by going solar? In a city like Richfield where energy use is rather high, installing solar panels is a great plan for those who are eco-conscious. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used traditional energy. In Richfield, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, going solar has so many other rewards outside of saving money. One of the main ones is that you can help save the environment too.