16 Best Solar Companies in Lawrence, IN (Oct 2022 Review)

The Cost and Benefits of Solar in Lawrence

For many readers, the decision of which solar installer to go with comes down to prices. Some important things that impact the upfront cost and potential savings over time include:

• Your energy consumption: If your family regularly uses a lot of energy, you'll benefit more from installing solar panels.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Average daily sunlight: Since Lawrence gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• The type of solar panels you can afford: This hinges on how much you're willing to spend upfront.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Lawrence

There are many reasons why going solar is a great investment. One of them includes some government incentives you can take advantage of. When you install solar panels on your home, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can use to further cut back on the cost of solar of solar panels. In the table below, you can read about the incentives you qualify for in Lawrence.

Environmental Impact of Switching to Solar in Lawrence

One of the reasons so many homeowners are considering going solar is to help bring down their environmental impact. But — how much exactly can you help the environment by making the switch to solar? In a city like Lawrence where energy use is particularly high, making the switch to solar power is a good plan for homeowners who are worried about the state of the planet. In Lawrence, the average homeowner can lower their carbon footprint by 90 pounds a year after going solar. If you want to do your part for the environment, you'll no doubt get that there are many benefits of adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.