13 Best Solar Companies in Lakewood, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Lakewood

When choosing a solar company, most homeowners or business owners worry about the costs above all. There are several factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Choice of solar panels: The type of solar panels you choose will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• How much energy costs for you: If your local energy rates are quite high, there's a better chance you'll see a higher return on your investment in solar panels. In Lakewood, you can save an average of $104 a month on your electricity bills.
• Incentives: The federal solar investment tax credit currently lets you reduce your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can benefit from. In addition, you can save about $15,000 over 20 years on your utility bills, before factoring in incentives.

So is a solar system worth it? Whether you hope to decrease your electric bills, greenhouse gas emissions or both, solar panels are a solid investment for many Lakewood homeowners.

Solar Incentives in Lakewood

Because solar power is more sustainable than traditional energy sources, there are quite a few government incentives in place to encourage people to make the switch. Local solar incentives depend on the location and, sometimes, utility company. Many states offer rebates for solar panels, in addition to the federal solar tax credit. Take a look at our article on solar incentives to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Lakewood

Installing solar panels can have a positive impact on the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lakewood, though. The more power your house uses, the better off the planet will be if you switch to solar as you won't have to rely on traditional energy sources as much. Because solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 80 pounds each year. Since energy from the sun is renewable and produces electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help protect the environment.