11 Best Solar Companies in Lima, NY (Sep 2022 Review)

The Cost and Benefits of Solar in Lima

Even though solar panels can save you a decent chunk of change on energy bills over time, it's important to know the upfront costs. There are quite a few factors you should take into consideration when trying to determine costs and your potential savings, including:

• Your current power bills: Solar panels can dramatically lower, or completely get rid of, your utility bills. In Lima, you can save an average of $55 a month.
• Your home's orientation toward the sun: This, plus how your roof is set up, affects affect how much power your solar panels can make.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and city may also have incentives and rebates that you can take advantage of. Additionally, you can save about $13,000 over 20 years on your utility bills, before factoring in incentives.
• The kind of solar panels you can purchase: This hinges on how much you're willing to invest upfront.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, including the amount of daily direct sunlight available and incentives.

Solar Incentives in Lima

One of the benefits of installing a solar panel system is receiving federal and potentially state incentives. No matter what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Additionally, there may be some local incentives you can benefit from too. Check out the table below to find out what incentives are available to you.

Environmental Impact of Switching to Solar in Lima

If you're considering adding solar panels to your home, one of the principal reasons why may be to reduce your carbon dioxide emissions. Something many might have in mind is how much can they really help save the environment by going solar anyway? One thing you should consider is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Even though making solar panels releases carbon dioxide emissions, the panels make up for it by greatly reducing the amount of CO2 you would have produced if you still used traditional energy. In Lima, you can reduce your carbon footprint by 20 pounds a year with solar panels. Since solar power is plentiful and produces electricity without releasing carbon emissions, making the switch to solar power is one easy step you can take to help the planet.