14 Best Solar Companies in Lennox, CA (Jan 2023 Review)

The Cost and Benefits of Solar in Lennox

The cost of putting up solar panels has decreased immensely over the past several years, but it's still a large investment for most homeowners. The overall price and potential savings vary depending on some important factors such as:

• average energy usage: The more energy your home uses on average and the greater your current energy bills are, the more benefits you'll see from making the switch to solar.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $28,000 over 20 years with your system, too.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to generate as much energy, which will leave you with lower savings on energy bills than someone with a roof that gets lots of sunlight.
• Your home's power bills: Due to high monthly power bills in Lennox, you could save about $820 a year with solar.

Though a solar panel system costs a sizable chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, such as the angle of your roof and your local electricity rates.

Solar Incentives in Lennox

Switching to solar power has lots of wonderful benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other state and city rebates and benefits. In our article on solar incentives, you can see the incentives you qualify for in Lennox.

Environmental Impact of Switching to Solar in Lennox

There are a few main reasons why people want to invest in solar energy: to put more money in their bank account and to help the planet. A question many homeowners might be asking themselves is how much can they really help save the environment by going solar anyway? An important thing to consider is your overall carbon footprint. For example, if you have a long commute, your footprint may be greater, so switching to solar energy for your house can help offset that. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. The benefits of solar power are infinite — just like solar power is! That's why so many people have been happy with making the switch to solar.