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

The Cost and Benefits of Solar in Lorane

Solar panels are powered by a free energy source — the sun — but before you can take advantage of this you must first pay to set up your panels. Some significant things that influence the cost and possible savings include:

• Incentives: The federal solar investment tax credit currently lets you decrease your taxes by 26% of the project cost. Your state may also have various incentives that you can take advantage of. Plus, you can save about $15,000 over 20 years on your utility bills, without incentives.
• The amount of sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar system won't be able to produce as much energy, which will give you lower savings on energy bills than someone with a roof that gets a lot of sunlight.
• Your home's power bills: With fairly high monthly power bills in Lorane, you could save about $1,000 a year with solar.
• How much power your home consumes: Homes that use lots of energy each month may need more solar panels and, consequently, be more expensive, but will also enjoy more savings over time.

There are lots of good benefits of solar in spite of the upfront cost of installation. It can help the environment and your finances. Plus, it can increase the value of your home, resulting in even more benefits if you decide to sell your home later.

Solar Incentives in Lorane

There are lots of reasons why you should switch to solar. One of them includes some government incentives that can help save you some money. These incentives normally take the form of cash rebates, tax credits and/or solar renewable energy credits. They can cut how much you pay for installing solar panels by 26 to 50% in some cases. Take a look at the table below to see what incentives you can take advantage of.

Environmental Impact of Switching to Solar in Lorane

Swapping traditional energy for solar is a great way to do your part for a more eco-friendly future. But how much can switching to solar actually affect the environment? Something that can severely influence your carbon footprint is your commute time and how much you drive in general. If you go solar and have an electric car, you can greatly decrease your carbon dioxide emissions by charging your car at home. If you go solar, your carbon footprint can be lowered by about 50 pounds every year. As you can see, using solar power has so many other perks besides saving money. One of the major ones is that you can help save the Earth too.