12 Best Solar Companies in Cedar Lake, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Cedar Lake

The cost of putting up solar panels has decreased greatly in the past few years, but it's still a large investment for most homeowners. Some key things that impact the upfront cost and potential savings over time include:

• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much sunlight your roof gets: This, plus your roof configuration, affects affect how much power your solar panels can produce.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. Plus, you can save about $20,000 over 20 years on your utility bills, before factoring in incentives.
• How much energy costs for you: If your local energy rates are especially high, there's a good chance you'll get a higher return on your investment in solar panels. In Cedar Lake, you can save an average of $155 a month on your electricity bills.

Solar is a fruitful investment for most homeowners. You can generate your own electricity instead of paying for it from a utility company and make use of solar incentives and rebates, all while helping preserve the planet.

Solar Incentives in Cedar Lake

Switching to solar power has plenty of great benefits. Not only can it help protect the planet, but you can also save some money on your installation with various government incentives. Local solar incentives vary by location and, sometimes, utility company. Many states offer rebates for solar power, in addition to the federal solar tax credit. In our article on solar incentives, you can read about the incentives you qualify for in Cedar Lake.

Environmental Impact of Switching to Solar in Cedar Lake

There are tons of reasons to trade traditional energy for solar power, like saving some money on electricity bills and helping to reduce your carbon footprint. A question many might be asking themselves is how much can they really help protect the environment by going solar anyway? Your energy usage is an important factor to consider. The more electricity you use, the bigger your impact when you switch to solar energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could be looking at reducing 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.