12 Best Solar Companies in Covington, LA (2023 Reviews)

The Cost and Benefits of Solar in Covington

Solar panels run off a free energy source — the sun — but to take advantage of this you must first pay to set up your panels. There are a few factors you should consider when trying to figure out the overall cost and how much you can save, including:

• The amount of sunlight your home gets: Because of Covington's very high amount of average daily sunlight, you should be able to save a lot on your energy bills.
• Choice of solar panels: The kind of solar panels you need will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Energy consumption: Solar may be too steep of an option for homes that don't need too much energy each month.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $17,000 over the first 20 years with your system, too.

So is installing solar panels worth it? Whether you'd like to lower your energy bills, carbon emissions or both, solar panels are a solid investment for many Covington homeowners.

Solar Incentives in Covington

There are several reasons why adopting solar power is beneficial. One of them includes some government incentives you can take advantage of. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly stack the ITC with other state and city incentives. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in Covington

Installing solar panels can have a beneficial effect on the environment. Something many might be thinking about is how much can they really help save the environment by switching to solar power anyway? The amount of energy you use is a key factor to think about. The more energy you use, the greater your impact when you go solar. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 80 pounds each year. Since solar power is plentiful and makes electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the planet.