15 Best Solar Companies in Lancaster, OH (Dec 2022 Review)

The Cost and Benefits of Solar in Lancaster

The cost of installing a solar panel system has dropped immensely over the past few years, but it's still a significant investment for most homeowners. The installation cost is just one important factor you should take into account 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 city gets: Due to Lancaster's high amount of average daily sunlight, you should be able to save a decent amount on your power bills.
• How much electricity your home consumes: Homes that use lots of energy each month may require more solar panels and, consequently, more upfront cost, but will also benefit more over time.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Choice of solar panels: The kind of solar panels you buy will affect your total cost. High-efficiency monocrystalline panels will cost more upfront but can also lead to more savings 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.

So are solar panels worth it? Whether you hope to decrease your electricity costs, carbon dioxide emissions or both, solar panels are a good investment for many Lancaster homeowners.

Solar Incentives in Lancaster

One of the good things about installing a solar panel system is receiving incentives from the government. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. In our article on solar incentives, you can see the incentives you qualify for in Lancaster.

Environmental Impact of Switching to Solar in Lancaster

One of the best reasons to switch to solar power is to minimize your reliance on traditional 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 Lancaster, though. The more power you use, the the more the environment will benefit when you switch to solar as you won't need to use as much nonrenewable energy. In fact, if you adopt solar power, you could expect to reduce your carbon dioxide emissions by about 90 pounds each year. If you want to do your part for the environment, you'll likely get that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.