18 Best Solar Companies in Lake Elsinore, CA (Mar 2023 Review)

The Cost and Benefits of Solar in Lake Elsinore

For a lot of homeowners, whether or not you should invest in solar energy boils down to the cost. Some key factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time are:

• Your household's power bills: Because of high monthly electric bills in Lake Elsinore, you could save about $780 a year with solar.
• The kind of solar panels you're thinking of getting: More high-tech panels are more expensive, so that will affect your budget for your solar project.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $26,000 over the first 20 years with your system, too.
• Your home's orientation toward the sun: This, and your roof configuration, affects affect how much energy your solar panels can make.

So is a solar panel system worth it? Whether you're trying to reduce your energy bills, carbon emissions or both, solar panels are a solid investment for many Lake Elsinore homeowners.

Solar Incentives in Lake Elsinore

If you're planning on making the switch to solar power, several government incentives and tax credits can dramatically bring down the cost of the project and speed up the return on your investment. In addition to the federal tax credit incentive, there are also some state- and city-level incentives, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Lake Elsinore

There are a few primary reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. But — how much exactly can you help the environment by using solar power? The average person has a rather large carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions a year, and electricity for their home, it can be overwhelming to think about what to do. Going solar is one of the easiest things you can do to help. Because solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 50 pounds each year. If you want to do what you can for the environment, you'll most likely get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.