15 Best Solar Companies in Lawrence, NY (Mar 2023 Review)

The Cost and Benefits of Solar in Lawrence

When deciding on a solar company, most homeowners or business owners care about the costs the most. The installation cost is just one important factor you should consider when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The amount of sunlight your house gets: Due to Lawrence's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have various incentives that you can use. In addition, you can save about $28,000 over 20 years on your utility bills, not including incentives.
• The cost of energy for you: If your local energy rates are quite high, there's a good chance you'll end up with a higher return on your investment in a solar panel system. In Lawrence, you can save an average of $93 a month on your electricity bills.
• Your income and budget: This shapes what model of solar panels you can afford.

Although a solar panel system costs a sizable chunk of money upfront, it can save you thousands of dollars over the lifespan of your panels. The question of how much, though, depends on several factors, including the angle of your roof and incentives.

Solar Incentives in Lawrence

To increase the number of homes and businesses that use solar power, incentives are offered by the government — and even some utility companies — to help make solar power more economical and accessible. When you install solar panels on your house, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you lower your tax bill by 30% of the cost of your solar panels. Plus, there are often some regional incentives that you can benefit from to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can read about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Lawrence

One of the best reasons to use solar power is to cut your reliance on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. A question many might be asking themselves is how much can they really help protect the environment by switching to solar power anyway? One thing to consider is your overall carbon footprint. For example, if you spend lots of time commuting to work and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Once you go solar, your carbon emissions can be reduced by about 50 pounds a year. Since solar energy is abundant and generates electricity without a carbon footprint, installing solar panels is one easy step you can take to help protect the planet.