15 Best Solar Companies in Lowell, IN (Mar 2023 Review)

The Cost and Benefits of Solar in Lowell

The cost of putting up a solar panel system has dropped greatly over the past several years, but it's still a substantial investment for most homeowners. The cost and possible savings vary depending on some important factors such as:

• The amount of sunlight your area gets: Thanks to Lowell's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Your income and budget: This determines what kind of solar panels you can get.
• Incentives: Tax-paying citizens who buy and install a solar system this year can save 30% of their installation costs by taking advantage of the federal solar investment tax credit. You can also save about $20,000 on your energy bills over 20 years excluding incentives.
• How much power your household needs: If your home uses a lot of energy, you'll reap more rewards from switching to solar.

Solar is a rewarding investment for most homeowners. You can make your own electricity instead of paying for it from a utility company and take advantage of solar incentives, all while helping the Earth.

Solar Incentives in Lowell

In an effort to increase solar panel installation and usage, federal and local governments — and even some utility companies — offer incentives to help make going solar more affordable and accessible. You qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar panel system. You can also potentially stack the ITC with other state and city rebates and benefits. Check out our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Lowell

One of the reasons so many consider adopting solar energy is to help lower their environmental impact. But you may be curious — how much exactly can you help the planet by making the switch to solar? In a city like Lowell where energy use is particularly high, making the switch to solar power is a good plan for households who care about the planet. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. As you can see, using solar power has so many other rewards outside of saving money. One of the major ones is that you can help save the planet too.