15 Best Solar Companies in Lake Station, IN (Feb 2023 Review)

The Cost and Benefits of Solar in Lake Station

The cost of putting up a solar panel system has gone down significantly over the past several years, but it's still a large investment for most homeowners. There are quite a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• How much electricity your household consumes: Homes that consume lots of energy each month may call for more solar panels and, consequently, be more costly, but will also enjoy more savings over time.
• Choice of solar panels: The kind of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If space isn't a constraint for your project, you can opt for a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. In addition, not including incentives, you can save about $20,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: This, plus your roof configuration, affects affect how much electricity your solar panels can generate.

So are solar panels worth it? Whether you hope to reduce your energy bills, carbon dioxide emissions or both, solar panels are a great investment for many Lake Station homeowners.

Solar Incentives in Lake Station

Since solar power is more sustainable than fossil fuels, there are some government incentives available to encourage its adoption. In addition to the federal solar investment tax credit, there are also some local programs, which in most cases, can be claimed in addition to the federal incentive, so you get to save even more. Check out our article on solar incentives to find out what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Lake Station

There are many reasons to switch to solar power, like saving money on utility bills and helping to lower your carbon footprint. But how much can installing solar panels actually affect the environment? The more energy your family uses, the the more the environment will benefit if you switch to solar as you won't need to rely on traditional energy sources as much. Though solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have produced if you still used traditional energy. In Lake Station, you can reduce your carbon footprint by 90 pounds a year with solar panels. For those who want to help the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.