18 Best Solar Companies in Lyndhurst, OH (Sep 2022 Review)

The Cost and Benefits of Solar in Lyndhurst

Although solar panels can help save you a decent chunk of change on electricity bills over time, it's important to consider the startup costs. There are quite a few factors you should take into consideration when determining how much it will cost and how much you can save, including:

• How much energy your home consumes: Homes that consume a lot of power each month may call for more solar panels and, as a result, be more costly, but will also enjoy more savings over time.
• Average daily sunlight: Since Lyndhurst doesn't get a lot of average daily sunlight, your solar system may not be able to produce enough energy to power your whole home, which impacts how much you can save on your energy bills.
• Choice of solar panels: The type of solar panels you want 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.
• Incentives: Those who buy and install a solar energy system this year can save 30% of their overall solar costs by using the federal solar investment tax credit. You can also save about $14,000 on your utility bills over 20 years not including incentives.

So is a solar panel system worth it? Whether you hope to decrease your energy bills, carbon emissions or both, solar panels are a worthwhile investment for many Lyndhurst homeowners.

Solar Incentives in Lyndhurst

Although a solar power system is typically a big investment, it can save you a substantial amount of money in the long term due to lower power bills and government incentives. When you install solar panels on your house, you can take advatage of the federal tax credit, or ITC. This credit currently lowers your tax bill by 30% of the cost of your solar panels. In addition, there are often some regional incentives that you can benefit from to further save. You can learn about the incentives you can take advantage of in the table below.

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. Since solar power is plentiful and makes electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help the planet.