18 Best Solar Companies in Lawrence, OH (Feb 2023 Review)

The Cost and Benefits of Solar in Lawrence

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you will first need to pay to set up your system. The cost and possible savings vary depending on some important factors such as:

• How much energy costs for you: The typical household in Lawrence shells out around $1,100 a year on energy use alone, so you could end up with that much in savings.
• The type and model of solar panels you're thinking of getting: Higher-efficiency panels are more costly, so that will influence your budget for your solar project.
• Incentives: Something that can make your solar project cost less is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can result in an average of $13,000 of savings over 20 years.
• Your energy consumption: If your family needs to use a lot of energy, you'll reap more rewards from installing solar panels.

There are many wonderful benefits of solar even with the upfront cost of installation. It can help the planet and your finances. Plus, it can increase the value of your home, giving you even more benefits if you choose to sell your home later.

Solar Incentives in Lawrence

There are many reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. When you install a solar panel system, you become eligible to claim the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. Plus, there are often some local incentives that you can use to further cut back on the cost of solar of solar panels. For detailed information about incentives that apply to you, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Lawrence

One of the reasons so many homeowners are thinking of adopting solar energy is to help reduce their environmental impact. But — how much exactly can you help the planet by making the switch to solar? Your energy usage is a key factor to think about. The more power your household consumes, the greater your impact when you go solar. In Lawrence, the average household can reduce their carbon footprint by 80 pounds a year once they go solar. Since solar power is abundant and generates electricity without releasing carbon emissions, adding solar panels to your home is one easy step you can take to help preserve the environment.