17 Best Solar Companies in Franklin, LA (Oct 2022 Review)

The Cost and Benefits of Solar in Franklin

Solar panels are powered by a free energy source — the sun — but to take advantage of this you will first need to pay to install your system. There are several factors you should take into consideration when determining costs and your potential savings, including:

• Energy consumption: Installing a solar system may be too pricey an investment for families that don't consume a lot of energy per month.
• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your federal taxes. Plus, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• System size and type: Some models are more costly than others, so the one you get can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• Average daily sunlight: Since Franklin gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.

There are many wonderful benefits of solar despite the initial cost of installation. It can help the planet and your finances. Additionally, it can raise the value of your home, leading to even more benefits if you want to sell your home later.

Solar Incentives in Franklin

Although solar power is typically a $15,000 to $25,000 investment, it can save you much money over many years due to reduced power bills and government incentives. In addition to the federal solar investment tax credit, there are also some local benefits, which in almost all cases, can be claimed in addition to the federal incentive, so you can save even more. In our article on solar incentives, you can find out about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Franklin

If you want to add solar panels to your home, one of the principal reasons why may be to reduce your greenhouse gas emissions. But you may be wondering — how much exactly can you help the planet by using solar power? No matter where you are, you can help the planet by switching to solar energy, but homes that use a lot of energy will have a greater impact. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have released if you still used traditional energy. In Franklin, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, going solar has so many other perks beyond saving money. One of the most important ones is that you can help save the planet too.