16 Best Solar Companies in Lakemore, OH (Jan 2023 Review)

The Cost and Benefits of Solar in Lakemore

For many readers, the decision of which solar installer to hire comes down to costs. The overall price and potential savings vary depending on some important factors such as:

• Your income and budget: This shapes what model of solar panels you can buy.
• Your home's orientation toward the sun: This, and how your roof is set up, affects affect how much energy your solar panels can produce.
• Your energy consumption: If your family regularly uses a lot of energy, you'll reap more rewards from installing solar panels.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have various incentives that you can benefit from. Plus, you can save about $13,000 over 20 years on your utility bills, without incentives.

Although a solar panel system costs a good chunk of money upfront, it can save you a considerable amount in the long term. The question of how much, though, depends on a number of factors, including the size of your solar panel system and your local electricity rates.

Solar Incentives in Lakemore

One of the great things about installing a solar panel system is receiving incentives from the government. State and city solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar power systems, in addition to the federal solar tax credit. In our article on solar incentives, you can read about the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Lakemore

One of the most compelling reasons to adopt solar power is to cut your dependence on nonrenewable energy sources like burning fossil fuels, which are destructive for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lakemore, though. Everyone can help save the planet by switching to solar energy, but homes that use a lot of energy will have an even greater impact. Once you go solar, your carbon dioxide emissions can be cut by about 80 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.