14 Best Solar Companies in Latimer, MS (Mar 2023 Review)

The Cost and Benefits of Solar in Latimer

For a lot of homeowners, whether or not to invest in solar panels comes down to the cost. Some significant things that affect how much it will cost and how much you could save include:

• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $21,000 over 20 years with your solar system, too.
• average energy usage: The more power your home consumes on average and the steeper your current power bills are, the more benefits you'll see from going solar.
• The amount of sunlight your roof gets: This, plus how your roof is set up, affects affect how much electricity your solar panels can generate.
• The model of solar panel system you can purchase: This depends on how much you're willing to spend upfront.

Though a solar panel system costs a good chunk of money upfront, it can save you much more over the lifespan of your panels. The question of how much, though, depends on a number of factors, such as the kind of solar panels you get and your energy consumption.

Solar Incentives in Latimer

Although installing solar panels is typically a large investment, it can save you a substantial amount of money in the long term due to reduced power bills and government incentives. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost when you file taxes, lowering the amount of taxes you owe that year. Plus, there may be some local incentives you can benefit from too. Our article on solar incentives has more detailed information on the incentives you can take advantage of in Latimer.

Environmental Impact of Switching to Solar in Latimer

If you're planning on adding solar panels to your home, one of the primary reasons why may be to reduce your reliance on nonrenewable energy. You may be trying to figure out — how much does making the switch help the environment anyway? In a city like Latimer where energy use is particularly high, installing solar panels is a great plan for people who are eco-conscious. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good substitute for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 90 pounds each year. For those who are concerned about the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.