14 Best Solar Companies in Lake Luzerne, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Lake Luzerne

When choosing a solar company, most homeowners or business owners wonder about the costs the most. Some significant things that affect how much it will cost and how much you could save include:

• Your income and budget: This affects what kind of solar panels you can afford.
• The cost of electricity in your area: If your local electricity rates are high, there's a good chance you'll get a higher return on your investment in a solar panel system. In Lake Luzerne, you can save an average of $54 a month on your electricity bills.
• The amount of sunlight your area gets: Due to Lake Luzerne's relatively low amount of average daily sunlight, you might not see as many savings on your electricity bills.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.

So is buying solar panels worth it? Whether you hope to lower your electricity costs, carbon dioxide emissions or both, solar panels are a great investment for many Lake Luzerne homeowners.

Solar Incentives in Lake Luzerne

There are several reasons why you should switch to solar. One of them involves some government incentives that can save you money. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs when you file taxes, reducing the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. Check out our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Lake Luzerne

Many want to do their part for the planet, which often is the chief reason for installing solar panels. You may be curious — how much does making the switch help the environment anyway? The more energy you use, the the more the environment will benefit from you switching to solar as you won't need to use as much nonrenewable energy. Even though solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have released if you still used traditional energy. In Lake Luzerne, you can reduce your carbon footprint by 20 pounds a year with solar panels. The perks of solar power are infinite — just like solar power is! That's why so many Lake Luzerne residents have been happy with using solar energy.