14 Best Solar Companies in Lewisburg, PA (Sep 2022 Review)

The Cost and Benefits of Solar in Lewisburg

Although solar panels can save you a good amount of money on utility bills over time, it's important to consider the startup costs. Some significant things that influence how much it will cost and how much you could save include:

• average energy usage: The more electricity your household uses on average and the larger your current electricity bills are, the more likely you'll benefit from going solar.
• The kind of solar panels you have the money for: This hinges on your income and budget.
• The amount of sunlight your home gets: Due to Lewisburg's relatively low amount of average daily sunlight, you might not see as many savings on your power bills.
• Incentives: The federal solar investment tax credit currently allows you to lower your taxes by 30% of the project cost. Your state and even local utility companies may also have various incentives that you can use. Additionally, you can save about $11,000 over 20 years on your utility bills, without incentives.

Although a solar panel system costs a decent chunk of money upfront, it can save you a considerable amount over the lifespan of your panels. The question of how much, though, depends on a number of factors, like the kind of solar panels you get and your current power bills.

Solar Incentives in Lewisburg

If you're considering making the switch to solar power, several government incentives and subsidies can drastically lower your project costs and expedite the return on your investment. When you install solar panels, you can claim the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Plus, there may often be some regional incentives that you can benefit from to further save. Take a look at the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Lewisburg

There are a few big reasons why many people want to invest in solar energy: for the good of their bank accounts and the planet. But how much can switching to solar actually help the environment? In a city like Lewisburg where energy use is rather high, making the switch to solar power is a great idea for people who are eco-conscious. In fact, if you make the switch to solar power, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other perks besides saving money. One of the most important ones is that you can help save the Earth too.