15 Best Solar Companies in Spirit Lake, IA (Mar 2023 Review)

The Cost and Benefits of Solar in Spirit Lake

While solar panels can help save you money on energy over time, it's necessary to take into consideration the startup costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• How much sunlight your roof gets: This, plus the configuration of your roof, affects affect how much energy your solar panels can generate.
• Incentives: Something that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save money on your utility bills, which can give you an average of $18,000 of savings over 20 years.
• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Your energy consumption: If your household uses a lot of energy, you'll reap more rewards from installing solar panels.

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 a number of factors, including the size of your house and incentives.

Solar Incentives in Spirit Lake

Switching to solar power has lots of wonderful benefits. Not only can it help protect the environment, but you can also save a good amount of money on your installation with various government incentives. There are quite a few federal, state and local rebates and tax credits that let you earn some money in return after paying for a solar panel system. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Spirit Lake

One of the most compelling reasons to use solar energy is to decrease your dependence on traditional energy sources like burning fossil fuels, which are hazardous for the environment. But you may be curious — how much exactly can you help by going solar? If your home consumes lots of energy, you can help the environment even more by switching to solar energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.