15 Best Solar Companies in Lynchburg, VA (Nov 2022 Review)

The Cost and Benefits of Solar in Lynchburg

We know that for many homeowners, the decision to invest in solar hinges on installation costs. The cost of solar and the savings it generates vary depending on some key factors such as:

• Average daily sunlight: Since Lynchburg gets a decent amount of average daily sunlight, your solar panels can generally generate enough energy to power your whole home, which affects how much your electricity bills will be.
• Incentives: Something that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that lets you deduct from your taxes a percentage of the project cost. You can also save a decent amount of money on your energy bills, which can lead to an average of $18,000 of savings over 20 years.
• Choice of solar panels: The type of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also lead to more savings over the lifetime of your system. If space isn't a constraint for your project, you can go with a higher number of more affordable panels.
• Typical energy usage: The more power your household uses on average and the higher your current power bills are, the more benefits you'll see from making the switch to solar.

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

Solar Incentives in Lynchburg

There are a lot of reasons why going solar is a great investment. One of them consists of some government incentives that can save you money. There are a lot of federal, state and local rebates and tax credits that may earn you anywhere from 30% to 50% of your money in return after buying a solar panel system. You can learn about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Lynchburg

There are a few key 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 switching to solar actually help the environment? In a city like Lynchburg where energy use is particularly high, installing solar panels is a fantastic idea for people who are worried about the state of the planet. While making solar panels emits carbon dioxide, the panels make up for it by greatly decreasing the amount of CO2 you would have been responsible for if you still used traditional energy. In Lynchburg, you can reduce your carbon footprint by 100 pounds a year with solar panels. If you want to do what you can for the environment, you'll likely recognize that there are many benefits of adopting solar power other than just saving money on electricity. You can also help preserve the environment, which some would argue is more valuable.