17 Best Solar Companies in Lorain, OH (Nov 2022 Review)

The Cost and Benefits of Solar in Lorain

When choosing a solar company, most homeowners or business owners care about the costs the most. There are a few factors you should take into consideration when trying to determine how much it will cost and how much you can save, such as:

• How much sunlight your roof gets: This, along with your roof configuration, affects affect how much electricity your solar panels can generate.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $15,000 over 20 years with your solar system, too.
• Energy consumption: Installing solar panels may be too steep of an investment for homes that don't consume too much energy per month.
• The type of solar panels you can purchase: This depends on how much you're willing to spend upfront.

So is a solar panel system worth it? Whether you want to reduce your electricity costs, carbon dioxide emissions or both, solar panels are a great investment for many Lorain homeowners.

Solar Incentives in Lorain

Since solar power is a cleaner source of energy than fossil fuels, there are a number of government incentives available to encourage people to make the switch. These incentives mostly include cash rebates, tax breaks and/or performance-based incentives. They can cut the cost of installing solar panels by 30%, upwards of 50% depending on where you live. You can find out about the incentives available to you in our article on solar incentives

Environmental Impact of Switching to Solar in Lorain

Many want to do their part for the planet, which often is the chief motivation to install a solar system. But how much can using solar energy instead of traditional energy actually affect the environment? 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 use solar energy for your home to power your EV and therefore help offset your carbon emissions. Because solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could reduce your carbon dioxide emissions by about 90 pounds each year. For homeowners who are worried about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.