18 Best Solar Companies in Gray, LA (Mar 2023 Review)

The Cost and Benefits of Solar in Gray

For many people, the decision of which solar company to choose comes down to costs. The cost and possible savings vary depending on a few key factors such as:

• Your energy consumption: If your household regularly uses a lot of energy, you'll benefit more from going solar.
• How much energy costs for you: If your local power rates are especially high, there's a good chance you'll see a higher return on your investment in a solar panel system. In Gray, you can save an average of $131 a month on your electricity bills.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to make as much energy, which will leave you with lower savings on electric bills than a roof that gets plenty of sunlight.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, 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 $15,000 over 20 years on your energy bills.

Though a solar panel system costs a good chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on a number of factors, like the size of your solar panel system and your local electricity rates.

Solar Incentives in Gray

Although solar power is typically a large investment, it can save you a considerable amount of money in the long term because of smaller energy bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some state and city incentives that stack with the ITC too. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Gray

There are a few big reasons why homeowners want to invest in solar energy: to put more money in their bank account and to help the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Gray, though. In a city like Gray where energy use is particularly high, going solar is a good plan for people who are worried about the state of the planet. In fact, if you make the switch to solar power, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. As you can see, investing in solar has so many other perks besides saving money. One of the most important ones is that you can help save the Earth too.