8 Best Solar Companies in Thibodaux, LA (Aug 2022 Review)

The Cost and Benefits of Solar in Thibodaux

Although solar panels can save you a good amount of money on utility bills over time, it's important to take into consideration the upfront costs. A few important factors that influence the cost of installing a solar panel system on your home and how much it could save you over time are:

• Your income and budget: This determines what type of solar panels you can buy.
• Your energy consumption: If your household needs to use a lot of energy, you'll see more savings from switching to solar.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 26% 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 $15,000 over 20 years on your utility bills, before factoring in incentives.
• The amount of sunlight your roof gets: If your roof gets limited direct sunlight, your solar panel system won't be able to produce as much energy, which will leave you with lower savings on electricity bills than someone with a roof that gets lots of sunlight.

Although a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on several factors, such as the kind of solar panels you get and your local electricity rates.

Solar Incentives in Thibodaux

If you're planning on making the switch to solar power, various government incentives and solar rebates can greatly reduce the cost of the project and expedite the return on your investment. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially pair the ITC with other local incentives. Take a look at the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Thibodaux

One of the most compelling reasons to use solar power is to reduce your reliance on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Thibodaux, though. One thing to keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Though solar panel manufacturing emits carbon dioxide, the panels make up for it by significantly lowering the amount of CO2 you would have been responsible for if you still used nonrenewable energy. In Thibodaux, you can reduce your carbon footprint by 80 pounds a year with solar panels. If you want to do what you can for the environment, you'll most likely get that there are many advantages to adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is priceless.