10 Best Solar Companies in Lafayette, LA (Mar 2023 Review)

The Cost and Benefits of Solar in Lafayette

While solar panels can help save you a good amount of money on power bills over time, it's important to know the startup costs. Some important factors that affect the cost of installing solar panels on your home and how much it could save you over time include:

• Typical energy usage: The more power your home uses on average and the greater your current power bills are, the more likely you'll benefit from making the switch to solar.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can take advantage of. Additionally, you can save about $16,000 over 20 years on your utility bills, without incentives.
• Average daily sunlight: Since Lafayette gets lots of sunlight, your solar panel system will most likely be able to produce enough energy to power your whole home, which impacts how much your electricity bills will be.
• The kind of solar panels you can buy: This hinges on what your budget is.

Though a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, like the amount of daily direct sunlight available and your energy consumption.

Solar Incentives in Lafayette

Switching to solar power has plenty of great benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will let you claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that can save you some extra money too. Check out our article on solar incentives to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Lafayette

There are tons of reasons to switch to solar energy, like saving money on electricity bills and helping to reduce your carbon footprint. But how much can using solar energy instead of traditional energy actually affect the environment? If your home consumes a lot of energy, you can have an even greater impact on the planet by switching to solar energy. Since solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. The great things about solar power are plentiful — just like solar power is! That's why so many people have been happy with using solar energy.