17 Best Solar Companies in Inwood, WV (Jan 2023 Review)

The Cost and Benefits of Solar in Inwood

When deciding on a solar company, most homeowners or business owners think about the costs above all. Some significant things that determine the upfront cost and potential savings over time include:

• The type of solar panel system you have the money for: This depends on how much you're willing to invest upfront.
• average energy usage: The more energy your home uses on average and the steeper your current energy bills are, the more benefits you'll see from going solar.
• Where your home is: This affects how much sunlight your roof receives, which helps determine how many panels you need.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save money on your power bills, which can generate an average of $17,000 of savings over 20 years.

There are several wonderful benefits of solar despite the initial cost of installation. It can help the Earth and your finances. Additionally, it can boost the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Inwood

Although solar power is typically a big investment, it can save you a substantial amount of money over several years due to lower energy bills and government incentives. Everyone can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that can save you some extra money too. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Inwood

Installing solar panels is a powerful way to do your part for a more eco-friendly future. You may be wondering — how much does making the switch help the environment anyway? No matter where you are, you can help protect the environment by switching to solar energy, but homes that consume lots of energy will have an even greater impact. After you go solar, your carbon footprint can be reduced by about 90 pounds every year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for the offset carbon emissions.