13 Best Solar Companies in Lake Arrowhead, ME (Feb 2023 Review)

The Cost and Benefits of Solar in Lake Arrowhead

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your panels. Some significant things that determine how much it will cost and how much you could save include:

• System size and type: Some models are more expensive than others, so the one you choose can raise or lower your initial investment. Plus, the more solar panels you need to get, the more it'll cost.
• How much you spend on energy: If your local electricity rates are high, there's a good chance you'll end up with a higher return on your investment in solar panels. In Lake Arrowhead, you can save an average of $75 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can take advantage of. Plus, you can save about $17,000 over 20 years on your utility bills, without incentives.
• Energy consumption: Solar may be a high-cost investment for households that don't consume a lot of energy a month.

Even though a solar panel system costs a decent chunk of money upfront, it can save you thousands of dollars over time. The question of how much, though, depends on several factors, including the kind of solar panels you get and your current power bills.

Solar Incentives in Lake Arrowhead

To increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economical and accessible. When you install a solar panel system on your home, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there are often some state and city incentives that you can benefit from to further save. Our article on solar incentives has more in-depth information on the incentives you can take advantage of in Lake Arrowhead.

Environmental Impact of Switching to Solar in Lake Arrowhead

One of the reasons so many homeowners are considering installing solar panels is to help reduce their environmental impact. A question many people might be wondering about is how much can they really help the environment by going solar anyway? The average person has a considerable carbon footprint. Between their car, which is responsible for over 10,000 pounds of carbon dioxide emissions a year, and energy for their home, it can be overwhelming to think about what to do. Going solar is one of the easiest things you can do to help. Although making solar panels releases carbon dioxide emissions, the panels make up for it by greatly decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Lake Arrowhead, you can reduce your carbon footprint by 40 pounds a year with solar panels. If you want to do what you can for the environment, you'll likely understand that there are many advantages to adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is invaluable.