13 Best Solar Companies in Luray, VA (Oct 2022 Review)

The Cost and Benefits of Solar in Luray

For a lot of homeowners, whether or not you should invest in a solar energy system boils down to the cost. Some main factors that affect the cost of installing solar panels on your home and how much money you could save over time are:

• Your income and budget: This affects what kind of solar panels you can purchase.
• Average daily sunlight: Since Luray gets a decent amount of average daily sunlight, your solar panels can generally produce enough energy to power your whole home, which impacts how much your solar panels can save you on your electricity bills.
• Energy consumption: Solar may be too pricey an option for households that don't need a good amount of energy per month.
• 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. Additionally, not including incentives, you can save about $17,000 over 20 years on your energy bills.

So is installing solar panels worth it? Whether you're trying to lower your electric bills, carbon dioxide emissions or both, solar panels are a great investment for many Luray homeowners.

Solar Incentives in Luray

Because solar power is better for the environment than fossil fuels, there are quite a few government incentives available to encourage people to make the switch. In addition to the federal solar investment tax credit, there are also some state- and city-level benefits, which in almost all cases, stack with the federal incentive, so you can save even more. Our article on solar incentives goes over more detailed information on the incentives you can take advantage of in Luray.

Environmental Impact of Switching to Solar in Luray

Making the switch to solar power is a compelling way to do your part for a more eco-friendly future. But how much can switching to solar actually help the environment? The more energy your family uses, the better off the planet will be if you switch to solar as you won't need to burn as many fossil fuels. Since solar panels don't release greenhouse gas emissions into the atmosphere when producing electricity, they're a good swap for traditional energy sources. In fact, you could reduce your carbon dioxide emissions by about 60 pounds each year. If you care about the environment, you'll most likely find that there are many advantages to adopting solar power other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.