As a resident of the Hoosier State, there’s much to be grateful about. After all, Santa Claus actually lives in Indiana!
However, like most homeowners in the state, you’re probably worried about the high cost of living, especially when it comes to electric bills. With an average cost of $120 a month, Indiana has one of the highest energy bills in the country.
For this reason, you might have contemplated going solar. What’s keeping you from making the switch? You just don’t know whether it’s worth it.
In this article, we’re telling you why you’ll be better off switching to solar power. It’s not just about the electric bills!
Let’s power right into it!
The Prospect of Eliminating Your Electric Bill
Can you imagine living in a world where you don’t have any energy bills? Feels like an energizing world, right?
Well, that world isn’t a thing of fantasy. You can make it happen. All you need to do is switch to solar power.
You see, solar power doesn’t just help you reduce your power bills. It can eliminate your bills completely.
When you install solar panels in your home, you can disconnect your home from any other power grid, as long as the panels can adequately power your home. The only thing you’ll worry about is the cost of maintenance, which isn’t a big deal since solar panels and system accessories can go for several years without needing any maintenance.
Sweet Solar Installation Incentives
Of course, one of the biggest things that make you question whether going solar in Indiana is worth it is the high cost of solar installation. The cost depends on the size of your home and your power consumption needs, but expect that pay anywhere from $15,000. This isn’t pocket change.
The good news?
In Indiana, there are incentives that make switching to solar power a sweet deal. For example, there’s a sales tax exemption, which means you aren’t going to pay any sales tax on most components of the solar power system. This reduces your cost.
There’s also net metering in the state. If your solar energy system is below 1 MW, you can participate in the net metering program, which allows you to send any extra energy your solar power system produces back to the grid. You’ll earn credits for this.
Add the Federal Investment Tax Solar credit, which in 2021 stands at 26 percent of your solar installation costs, and you can easily see how installing solar becomes attractive.
Go to https://blueravensolar.com/indiana/ to learn more about solar in Indiana from one of the leading home installation companies.
Increased Property Value
Are you looking for ways to increase the value of your Indiana home?
Maybe you want to sell it soon or you’re eyeing a home equity line of credit. Regardless of your needs, installing solar in your home can increase the value of your property. What’s more, this increased value will be exempt from property taxes.
Going Solar in Indiana Is the Smart Thing to Do
Going solar is one of those decisions an Indiana homeowner has to make. If you were on the fence, this article has presented you with all the information you need to cross over and switch to solar power. The benefits outweigh the costs.
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