13 Best Solar Companies in Lebanon, NH (Mar 2023 Review)

The Cost and Benefits of Solar in Lebanon

While solar panels can help save you money on utility bills over time, it's necessary to take into consideration the upfront costs. Some important factors that dictate how much it will cost to install solar panels on your home and how much it could save you over time are:

• How much energy costs for you: The average family in Lebanon pays around $1,100 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: Tax-paying citizens who install a solar system this year can save 30% of their installation costs by using the federal solar investment tax credit. You can also save about $20,000 on your energy bills over 20 years excluding incentives.
• System size and type: Some models are more expensive than others, so the one you want to get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• How much energy your home consumes: Households that use plenty of power each month may require more solar panels and, consequently, more upfront cost, but will also benefit more over time.

So is installing solar panels worth it? Whether you hope to decrease your energy bills, carbon dioxide emissions or both, solar panels are a solid investment for many Lebanon homeowners.

Solar Incentives in Lebanon

Although installing solar panels is typically a large investment, it can save you a lot of money in the long term because of reduced power bills and government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of how much you paid for your solar installation when you file taxes, reducing the amount of taxes you owe that year. In addition, there may be some local incentives that can save you some extra money too. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Lebanon

Installing solar panels can have a beneficial impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lebanon, though. One thing you should consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 40 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.