18 Best Solar Companies in Lorane, PA (Oct 2022 Review)

The Cost and Benefits of Solar in Lorane

For the majority of homeowners, the decision to invest in a solar energy system depends the most on the cost. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• Your energy consumption: If your home uses a lot of energy, you'll benefit more from switching to solar.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panels won't be able to generate as much energy, which will leave you with lower savings on energy bills than a house with a roof that gets lots of sunlight.
• Choice of solar panels: The type of solar panels you choose 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 space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Additionally, not including incentives, you can save about $15,000 over 20 years on your energy bills.

Thanks to solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Lorane

In an effort to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make switching to solar power more economically viable and accessible. On top of the federal tax credit incentive, there are also some local programs, which in most cases, can be claimed in addition to the federal incentive, so you can save even more. Check out the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Lorane

There are a few key reasons why many people are considering solar energy: for the financial and environmental benefits. A question many homeowners might be thinking about is how much can they really help preserve the environment by switching to solar power anyway? A key thing to consider is your overall carbon footprint. For example, if your commute is very long, your footprint may be larger, so adopting solar power for your home can help offset that. Since solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good swap for traditional energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. As you can see, trading traditional energy for solar has so many other benefits beyond saving money. One of the major ones is that you can help save the Earth too.