17 Best Solar Companies in Canyon Lake, TX (Feb 2023 Review)

The Cost and Benefits of Solar in Canyon Lake

For the majority of homeowners, whether or not to invest in solar energy depends the most on the cost. The cost of solar and the savings it generates vary depending on a few key factors such as:

• Your income and budget: This affects what kind of solar panels you can get.
• The amount of sunlight your roof gets: This, plus how your roof is set up, affects affect how much energy your solar panels can make.
• Typical energy usage: The more electricity your household consumes on average and the steeper your current electricity bills are, the more benefits you'll see from going solar.
• Incentives: The federal solar investment tax credit currently lets you lower your taxes by 30% of the project cost. Your state may also have incentives and rebates that you can use. In addition, you can save about $18,000 over 20 years on your utility bills, before factoring in incentives.

There are many great benefits of solar despite the initial cost of installation. It can help the planet and your bank account. Plus, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Canyon Lake

Since solar power is better for the environment than fossil fuels, there are some government incentives in place to encourage its adoption. In addition to the federal tax credit incentive, there are also some local benefits, which in most cases, stack with the federal incentive, so you can save even more. Take a look at our article on solar incentives to learn what incentives are available to you.

Environmental Impact of Switching to Solar in Canyon Lake

There are tons of reasons to switch to solar energy, like saving on utility bills and helping to lower your carbon footprint. But — how much exactly can you help the environment by using solar power? One thing to consider is your overall carbon footprint. For example, if you spend a lot of time in the car and have an electric vehicle, you can use solar energy for your home to power your EV and therefore help offset your carbon emissions. Once you go solar, your carbon emissions can be cut by about 80 pounds a year. If you want to do your part for the environment, you'll no doubt get that there are many benefits of adopting solar energy other than just saving money on bills. You can also help preserve the environment, which some would argue is worth more.