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

The Cost and Benefits of Solar in River Ridge

We know that for many homeowners, the decision to invest in solar depends on installation costs. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things including:

• The type of solar panel system you can purchase: This hinges on your income and budget.
• Electricity consumption: The average household in River Ridge uses a lot of energy, and as a result may see more savings on electricity bills than other places.
• How much sunlight your roof gets: If your rooftop gets limited direct sunlight, your solar system won't be able to produce as much energy, which will leave you with lower savings on energy bills than someone with a roof that gets a lot of sunlight.
• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. In addition, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.

Though a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on several factors, like the angle of your roof and your current power bills.

Solar Incentives in River Ridge

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more financially viable and accessible. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to 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 local incentives that stack with the ITC too. Take a look at the table below to find out what incentives are available to you.

Environmental Impact of Switching to Solar in River Ridge

An important reason so many homeowners are thinking of switching to solar power is to help bring down their environmental impact. Something many might have in mind is how much can they really help the environment by switching to solar power anyway? If your household consumes lots of energy, you can have an even greater impact on the planet by switching to solar power. When you go solar, your carbon emissions can be reduced by about 80 pounds each year. For people who care about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.