15 Best Solar Companies in Lenox, MI (Mar 2023 Review)

The Cost and Benefits of Solar in Lenox

For many people considering switching to solar, the decision of which solar installer to go with depends on prices. There are a few factors you should take into consideration when trying to figure out the overall cost and how much you can save, such as:

• Your home's power bills: With fairly high monthly energy bills in Lenox, you could save about $1,000 a year with solar.
• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If you don't need to maximize efficiency, you can go with a higher number of more affordable panels.
• Your city: This influences how much sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can lead to an average of $16,000 of savings over 20 years.

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

Solar Incentives in Lenox

Although solar power is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money over the lifespan of your solar panels due to reduced utility bills and government incentives. In addition to the federal tax credit incentive, there are also some local incentives, which in the majority of cases, stack with the federal incentive, so you get to save even more. You can learn about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Lenox

A lot of people want to do what they can for the environment, which often is the prime motivation to install solar panels. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lenox, though. The more energy you use, the the more the environment will benefit when you switch to solar since you won't have to use as much nonrenewable energy. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good trade for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 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.