18 Best Solar Companies in Lexington Fayette, KY (2023 Reviews)

The Cost and Benefits of Solar in Lexington Fayette

Even though solar panels can help save you a decent chunk of change on utility bills over time, it's important to take into consideration the upfront costs. There are quite a few factors you should take into consideration when determining how much it will cost and how much you can save, including:

• System size and type: Some models are more expensive than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• How much power your household consumes: Households that use plenty of electricity each month may require more solar panels and, as a result, be more costly, but will also benefit more over time.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can benefit from. Plus, you can save about $15,000 over 20 years on your utility bills, not including incentives.
• The amount of sunlight your roof gets: Due to Lexington Fayette's high amount of average daily sunlight, you should be able to save a decent amount on your electric bills.

There are many great benefits of solar despite the upfront cost of installation. It can help the Earth and your wallet. Plus, it can increase the value of your home, resulting in even more benefits if you choose to sell your home later.

Solar Incentives in Lexington Fayette

If you're planning on making the switch to solar energy, various government incentives and state programs can greatly lower your project costs and speed up the return on your investment. On top of the federal tax credit incentive, there are also some state- and city-level incentives, which in most cases, stack with the federal incentive, so you can save even more. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lexington Fayette

One of the reasons so many homeowners are thinking of going solar is to help reduce their environmental impact. A question many might be asking themselves is how much can they really help save the environment by switching to solar power anyway? The more power your household uses, the better off the planet will be when you switch to solar as you won't have to rely on traditional energy sources as much. In Lexington Fayette, the average homeowner can reduce their carbon footprint by 80 pounds a year after going solar. If you want to do your part for the environment, you'll no doubt recognize that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is worth more.