16 Best Solar Companies in Lakewood, CA (Jan 2023 Review)

The Cost and Benefits of Solar in Lakewood

We understand that for many homeowners, the choice to invest in solar hinges on installation costs. The cost of solar and the savings it generates vary depending on a few important factors such as:

• Electricity consumption: The average home in Lakewood doesn't use much energy, and therefore may not see as many savings on their power bills.
• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Incentives: The federal solar investment tax credit currently allows you to reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. Additionally, you can save about $25,000 over 20 years on your utility bills, not including incentives.
• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on electricity bills than someone with a roof that gets lots of sunlight.

Though a solar panel system costs a good chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the size of your solar panel system and your current power bills.

Solar Incentives in Lakewood

Because solar power is better for the environment than fossil fuels, there are quite a few government incentives available to encourage its adoption. These incentives typically include cash rebates, tax breaks and/or performance-based incentives. They can lower how much you end up spending on installing solar panels by 30%, upwards of 50% in some cases. For detailed information about incentives for homeowners in Lakewood, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Lakewood

One of the most compelling reasons to adopt solar power is to reduce your dependence on nonrenewable energy sources like burning fossil fuels, which are hazardous for the environment. A question many people might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? A significant thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be larger, so adopting solar power for your house can help offset that. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 50 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.