17 Best Solar Companies in Lancaster, CA (Jan 2023 Review)

The Cost and Benefits of Solar in Lancaster

While solar panels can help save you a decent chunk of change on power bills over time, it's important to consider the startup costs. Some key factors that affect the cost of installing solar panels on your home and how much it could save you over time are:

• Your income and budget: This affects what model of solar panels you can get.
• The amount of sunlight your roof gets: This, plus your roof configuration, affects affect how much power your solar panels can generate.
• How much energy you use: If your family uses a lot of energy, you'll see more savings from installing solar panels.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. In addition, you can save about $27,000 over 20 years on your utility bills, not including incentives.

So are solar panels worth it? Whether you'd like to decrease your electricity costs, carbon emissions or both, solar panels are a great investment for many Lancaster homeowners.

Solar Incentives in Lancaster

Although a solar power system is typically a large investment, it can save you a lot of money over time because of reduced utility bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives that stack with the ITC too. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Lancaster

There are a few important reasons why many people are interested in solar energy: to help their wallet and the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lancaster, though. The average person has a sizable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions every year, and powering their home, it can be overwhelming to figure out what to do. Switching to solar is one of the easiest things you can do to help. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. For those who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.