14 Best Solar Companies in Lower Merion, PA (Nov 2022 Review)

The Cost and Benefits of Solar in Lower Merion

Solar panels run off a free energy source — the sun — but to take advantage of this you will need to pay to install your system. Some important things that affect the cost and possible savings include:

• The amount of sunlight your roof gets: If your rooftop doesn't see much direct sunlight, your solar system won't be able to make as much energy, which will give you lower savings on electricity bills than a roof that gets lots of sunlight.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of your solar system installation from your federal taxes. Plus, not including incentives, you can save about $15,000 over 20 years on your energy bills.
• Your income and budget: This guides what type of solar panels you can get.
• Electricity consumption: The average home in Lower Merion uses a decent amount of, and as a result may save on their energy bills.

Because of solar panels decreasing in cost as well as local and federal solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Lower Merion

Although solar power is typically a $15,000 to $25,000 investment, it can save you a considerable amount of money in the long term because of smaller utility bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar panels, in addition to the federal solar tax credit. Our article on solar incentives has more detailed information on the incentives you can find in Lower Merion.

Environmental Impact of Switching to Solar in Lower Merion

There are a few big reasons why people are interested in solar energy: to put more money in their bank account and to help the planet. But how much can using solar energy instead of traditional energy actually help the environment? The average person has a rather large carbon footprint. Between their car, which releases over 10,000 pounds of carbon dioxide emissions each year, and electricity for their home, it can be overwhelming to figure out what to do. Installing solar panels is a practical thing you can do to help. After you go solar, your carbon dioxide emissions can be cut by about 50 pounds every year. If you want to do your part for the environment, you'll most likely understand that there are many benefits of adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is more valuable.