16 Best Solar Companies in Lebanon, IN (Sep 2022 Review)

The Cost and Benefits of Solar in Lebanon

Even though solar panels can help save you money on electricity bills over time, it's necessary to take into consideration the upfront costs. There are a few factors you should consider when trying to figure out costs and your potential savings, including:

• How much electricity your home consumes: Households that need plenty of energy each month may need more solar panels and, as a result, be more expensive, but will also save more on their energy bills over time.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. In addition, you can save about $17,000 over 20 years on your utility bills, not including incentives.
• System size and type: Some models are more costly than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• How much sunlight your roof gets: This, and how your roof is set up, affects affect how much electricity your solar panels can make.

Thanks to solar panels decreasing in cost as well as various solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Lebanon

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make going solar more affordable and accessible. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other state and city rebates and benefits. The table below gives you an idea of the incentives you can benefit from in Lebanon.

Environmental Impact of Switching to Solar in Lebanon

There are many reasons to make the switch to solar energy, like saving on utility bills and helping to lower your carbon footprint. But you may be wondering — how much exactly can you help by making the switch to solar? No matter where you are, you can help protect the planet by switching to solar energy, but homes that use lots of energy will have an even bigger impact. In Lebanon, the average homeowner can reduce their carbon footprint by 90 pounds a year after going solar. Since solar energy is renewable and makes electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help preserve the environment.