13 Best Solar Companies in Troy, WI (Mar 2023 Review)

The Cost and Benefits of Solar in Troy

For most homeowners, whether or not you should invest in a solar energy system comes down to the cost. The cost of solar and the savings it generates vary depending on some important factors such as:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have various incentives that you can take advantage of. In addition, you can save about $18,000 over 20 years on your utility bills, before factoring in incentives.
• How much energy costs for you: If your local electricity rates are quite high, there's a good chance you'll see a higher return on your investment in a solar system. In Troy, you can save an average of $117 a month on your electricity bills.
• Electricity consumption: The average household in Troy uses a decent amount of, and as a result may save on their energy bills.
• The model of solar panels you want: More efficient models are more costly, so that will affect your budget for your solar project.

Solar is a fruitful investment for most homeowners. You can produce your own power instead of paying for it from a utility company and benefit from solar tax credits and rebates, all while helping protect the environment.

Solar Incentives in Troy

Because solar power is better for the environment than burning fossil fuels, there are quite a few government incentives available to encourage people to make the switch. There are a lot of federal, state and local rebates and tax credits that earn anywhere from 30% to 50% of your money back after paying for a solar panel system. Our article on solar incentives has more information on the incentives you can benefit from in Troy.

Environmental Impact of Switching to Solar in Troy

Going solar can have a meaningful effect on the environment. But how much can switching to solar actually help the environment? Regardless of your location, you can help save the planet by switching to solar energy, but homes that use more energy will have an even bigger impact. Even though solar panel manufacturing emits carbon dioxide, the panels make up for it by considerably lowering the amount of CO2 you would have released if you still used traditional energy. In Troy, you can reduce your carbon footprint by 90 pounds a year with solar panels. As you can see, using solar power has so many other benefits apart from saving money. One of the most important ones is that you can help save the Earth too.