14 Best Solar Companies in Lake, PA (Feb 2023 Review)

The Cost and Benefits of Solar in Lake

When deciding on a solar company, most homeowners or business owners care about the costs above all. The installation cost is just one important factor you should bear in mind when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can use. Plus, you can save about $14,000 over 20 years on your utility bills, not including incentives.
• Your household's power bills: With fairly high monthly electricity bills in Lake, you could save about $990 a year with solar.
• System size and type: Some models are more expensive than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need, the more it'll cost.
• Energy consumption: Installing a solar system may be too pricey an investment for households that don't use a lot of energy each month.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a cost-effective investment for many homeowners.

Solar Incentives in Lake

Because solar power is more sustainable than traditional energy sources, there are several government incentives in place to encourage its adoption. These incentives typically include cash rebates, tax benefits and/or solar renewable energy credits. They can cut how much you pay for going solar by 30%, upwards of 50% depending on where you live. Our article on solar incentives has more in-depth information on the incentives you can benefit from in Lake.

Environmental Impact of Switching to Solar in Lake

If you're planning on adding solar panels to your home, one of the main reasons why may be to lower your reliance on nonrenewable energy. You may be trying to figure out — how much does making the switch do for the environment anyway? How much energy you use is a key factor to think about. The more energy your household consumes, the larger your impact when you make the switch to solar power. In fact, if you make the switch to solar power, you could lower your carbon dioxide emissions by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other benefits besides saving money. One of the most important ones is that you can help save the environment too.