14 Best Solar Companies in Lake Of The Woods, VA (2023 Reviews)

The Cost and Benefits of Solar in Lake Of The Woods

For the majority of homeowners, the decision to invest in solar energy boils down to the cost. The cost and possible savings vary depending on a few key factors such as:

• Incentives: The federal solar investment tax credit, which can save you some money, lets you deduct 30% of the cost of installing your solar panel system from your taxes. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.
• Energy consumption: Installing a solar system may be too steep of an option for homes that don't consume too much energy per month.
• The type and model of solar panels you want: More high-tech panels are more expensive, so that will shape your budget for your solar project.
• Average daily sunlight: Since Lake Of The Woods gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which affects how much you can save on your energy bills.

Though a solar panel system costs a decent chunk of money upfront, it can save you much more over time. The question of how much, though, depends on several factors, such as the size of your solar panel system and your current power bills.

Solar Incentives in Lake Of The Woods

Switching to solar power has a lot of considerable benefits. Not only can it help preserve the planet, but you can also save a decent amount of money on your installation with various government incentives. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently reduces your tax bill by 30% of the cost of your solar panels. Additionally, there may often be some state and city incentives that you can take advantage of to further save. Our article on solar incentives has more in-depth information on the incentives you can find in Lake Of The Woods.

Environmental Impact of Switching to Solar in Lake Of The Woods

A lot of people want to do what they can to help the environment, which for many is the main reason for installing a solar system. But you may be wondering — how much exactly can you help by making the switch to solar? The amount of energy you use is a key factor to keep in mind. The more power your household consumes, the greater your impact when you switch to solar energy. In fact, if you install solar panels, you could expect to reduce your carbon dioxide emissions by about 60 pounds each year. As you can see, trading traditional energy for solar has so many other benefits besides saving money. One of the primary ones is that you can help save the environment too.