18 Best Solar Companies in New Lebanon, OH (Mar 2023 Review)

The Cost and Benefits of Solar in New Lebanon

The cost of putting up solar panels has dropped greatly in the past few years, but it's still a substantial investment for most homeowners. The cost and possible savings vary depending on a few key factors such as:

• Electricity consumption: The average household in New Lebanon uses a decent amount of, and consequently may save on their energy bills.
• Your location: This affects how much sunlight your roof gets, which helps determine how many panels you need.
• The model of solar panel system you have the money for: This is dependent on your income and budget.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, lets you deduct 30% of the cost of your solar system installation from your taxes. Plus, not including incentives, you can save about $11,000 over 20 years on your energy bills.

So are solar panels worth it? Whether you want to reduce your electricity costs, greenhouse gas emissions or both, solar panels are a great investment for many New Lebanon homeowners.

Solar Incentives in New Lebanon

There are a lot of reasons why you should switch to solar. One of them consists of some government incentives that can help save you some money. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which will allow you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. Plus, there may be some state and city incentives that stack with the ITC too. You can find out about the incentives you can take advantage of in our article on solar incentives

Environmental Impact of Switching to Solar in New Lebanon

Installing solar panels can have a positive impact on the environment. You may be wondering — how much do solar panels help the planet anyway? Your energy usage is an important factor to consider. The more energy your home uses, the bigger your impact when you make the switch to solar power. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good alternative to traditional energy sources. In fact, 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 no doubt get that there are many advantages to adopting solar power other than just saving money on bills. You can also help preserve the environment, which some would argue is priceless.