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

The Cost and Benefits of Solar in Lyndhurst

For many readers, the decision of which solar installer to hire comes down to costs. The cost and possible savings vary depending on a few important factors such as:

• 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 federal taxes. Plus, not including incentives, you can save about $14,000 over 20 years on your energy bills.
• Typical energy usage: The more electricity your household uses on average and the larger your current electricity bills are, the more benefits you'll see from going solar.
• System size and type: Some models are more costly than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• The amount of sunlight your house gets: Due to Lyndhurst's relatively low amount of average daily sunlight, you might not see as many savings on your energy bills.

Because of the cost of solar panels being lower than before as well as several solar incentives, they are a worthwhile investment for most homeowners.

Solar Incentives in Lyndhurst

Since solar power is a cleaner source of energy than burning fossil fuels, there are a number of government incentives in place to encourage people to make the switch. When you install solar panels on your home, 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. Additionally, there may often be some local incentives that you can benefit from to further save. Our article on solar incentives has more information on the incentives you can benefit from in Lyndhurst.

Environmental Impact of Switching to Solar in Lyndhurst

If you're considering adding solar panels to your home, one of the main reasons why may be to lower your carbon footprint. You may be wondering — how much does making the switch help the environment anyway? Regardless of your location, you can help save the environment by switching to solar energy, but homes that consume more energy will have a bigger impact. Although solar panel production emits carbon dioxide, the panels make up for it by considerably reducing the amount of CO2 you would have produced if you still used nonrenewable energy. In Lyndhurst, you can reduce your carbon footprint by 80 pounds a year with solar panels. As you can see, investing in solar has so many other rewards outside of saving money. One of the main ones is that you can help save the planet too.