16 Best Solar Companies in Summit, WI (Mar 2023 Review)

The Cost and Benefits of Solar in Summit

Even though solar panels can save you money on utility bills over time, it's necessary to take into consideration the startup costs. Some important factors that influence the cost of installing a solar panel system on your home and how much it could save you over time include:

• Incentives: Those who purchase and install a solar energy system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $20,000 on your electricity bills over 20 years excluding incentives.
• Your energy bills: This will influence how much you can save. In Summit, the average homeowner can save about $1,500 a year on their electricity bills.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Typical energy usage: The more electricity your household consumes on average and the higher your current electricity bills are, the more likely you'll benefit from making the switch to solar.

Because of solar panels now being cheaper than ever as well as several solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Summit

There are lots of reasons why you should switch to solar. One of them consists of some government incentives that can help save you some money. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other state and city incentives. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Summit

Going solar can have a beneficial effect on the environment. But you may be wondering — how much exactly can you help the environment by making the switch to solar? The more energy you use, the the more the environment will benefit when you switch to solar since you won't have to use as much nonrenewable energy. Since solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.