14 Best Solar Companies in Lake Mathews, CA (2023 Reviews)

The Cost and Benefits of Solar in Lake Mathews

While solar panels can save you money on energy bills over time, it's necessary to take into consideration the upfront costs. There are a few factors you should take into consideration when trying to figure out how much it will cost and how much you can save, including:

• Incentives: Something that can save you money on 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 on your energy bills, which can lead to an average of $27,000 of savings over 20 years.
• How much energy costs for you: If your local electricity rates are high, there's a better chance you'll have a higher return on your investment in a solar panel system. In Lake Mathews, you can save an average of $67 a month on your electricity bills.
• System size and type: Some models are more pricy than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• The amount of sunlight your roof gets: Because of Lake Mathews' very high amount of average daily sunlight, you should be able to save a lot on your energy bills.

Because of the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Lake Mathews

If you're planning on making the switch to solar power, a variety of government incentives and subsidies can dramatically reduce the cost of the project and speed up the return on your investment. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other local incentives. For more information about incentives for homeowners in Lake Mathews, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Lake Mathews

If you're considering adding solar panels to your home, one of the principal reasons why may be to lower your reliance on nonrenewable energy. You may be wondering — how much does making the switch help the environment anyway? A key thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be bigger, so adopting solar power for your home can help offset that. Even though solar panel production releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have produced if you still used traditional energy. In Lake Mathews, you can reduce your carbon footprint by 50 pounds a year with solar panels. As you can see, trading traditional energy for solar has so many other perks outside of saving money. One of the major ones is that you can help save the planet too.