12 Best Solar Companies in Thibodaux, LA (Oct 2022 Review)

The Cost and Benefits of Solar in Thibodaux

Although solar panels can save you a good amount of money on energy bills over time, it's important to consider the upfront costs. Some key things that influence how much it will cost and how much you could save include:

• How much energy your household consumes: Homes that consume plenty of energy each month may require more solar panels and, as a result, be more costly, but will also benefit more over time.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your upfront cost. Plus, the more solar panels you need to get, the more it'll cost.
• The amount of sunlight your home gets: Thanks to Thibodaux's very high amount of average daily sunlight, you should be able to save a lot on your electricity bills.
• Incentives: The federal solar investment tax credit, which everyone qualifies for, lets you deduct 30% of the cost of your solar system installation 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 sizable 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, such as the size of your house and your local electricity rates.

Solar Incentives in Thibodaux

In an effort to increase the adoption of solar power, incentives are offered by the government — and even some utility companies — to help make switching to solar power more financially viable and accessible. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in the majority of cases, can be claimed in addition to the federal incentive, so you can save even more. For comprehensive information about local incentives, check out the table below.

Environmental Impact of Switching to Solar in Thibodaux

Installing solar panels can have a beneficial impact on the environment. Something many homeowners might be wondering about is how much can they really help protect the environment by going solar anyway? As stated by the EPA, electricity generation is the second largest source of greenhouse gas emissions and about 62% of our electricity is generated by burning fossil fuels. Using solar power can help lower that statistic in a city like Thibodaux that accounts for a sizable amount of carbon dioxide emissions each year. Since solar panels don't release carbon dioxide emissions into the atmosphere when generating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. The perks of solar power are abundant — just like solar power is! That's why so many homeowners have been happy with committing to solar.