14 Best Solar Companies in Lawrenceburg, IN (Jan 2023 Review)

The Cost and Benefits of Solar in Lawrenceburg

The cost of installing solar panels has gone down significantly in the past several years, but it's still a substantial investment for most homeowners. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, including:

• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar panel system won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets plenty of sunlight.
• How much energy your home consumes: Households that need plenty of electricity each month may call for more solar panels and, consequently, be more costly, but will also enjoy more savings over time.
• Incentives: One thing that can save you money on your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can give you an average of $17,000 of savings over 20 years.
• The type of solar panels you're thinking of getting: Higher-efficiency panels cost more, so that will affect your budget for your solar project.

So are solar panels worth it? Whether you want to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a great investment for many Lawrenceburg homeowners.

Solar Incentives in Lawrenceburg

Although installing solar panels is typically a big investment, it can save you a considerable amount of money in the long term because of reduced energy bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. In our article on solar incentives, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Lawrenceburg

One of the most compelling reasons to use solar power is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lawrenceburg, though. Using green energy for electricity rather than using nonrenewable energy is a great way to reduce your carbon footprint if you want to help reduce Lawrenceburg's sizable level of greenhouse gas emissions. Once you go solar, your carbon emissions can be cut by about 90 pounds a year. As you can see, using solar power has so many other benefits besides saving money. One of the primary ones is that you can help save the Earth too.