14 Best Solar Companies in Lisbon, WI (Mar 2023 Review)

The Cost and Benefits of Solar in Lisbon

While solar panels can help save you a decent chunk of change on energy over time, it's necessary to take into consideration the startup costs. The installation cost is just one important factor you should take into account when looking into getting solar panels. How much it'll cost and how much you can save depend on things such as:

• The cost of electricity in your area: If your local electricity rates are especially high, there's a better chance you'll end up with a higher return on your investment in a solar panel system. In Lisbon, you can save an average of $136 a month on your electricity bills.
• Choice of solar panels: The type of solar panels you get will affect your total cost. High-efficiency monocrystalline panels will cost more 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.
• Electricity consumption: The average home in Lisbon uses a decent amount of, and therefore may save on their energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Aside from incentives, you can save an average of $21,000 over 20 years with your system, too.

Though a solar panel system costs a good chunk of money upfront, it can save you much more in the long term. The question of how much, though, depends on a number of factors, like the angle of your roof and incentives.

Solar Incentives in Lisbon

If you're planning on switching to solar energy, a variety of government incentives and subsidies can drastically bring down the cost of the project and speed up the return on your investment. When you install a solar panel system on your home, you become eligible to claim 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 regional incentives that you can use to further cut back on the cost of solar of solar panels. For detailed information about incentives for homeowners in Lisbon, visit our our article on solar incentives.

Environmental Impact of Switching to Solar in Lisbon

If you're thinking of adding solar panels to your home, one of the main reasons why may be to reduce your carbon footprint. You may be wondering — how much does making the switch help the environment anyway? Regardless of your location, you can help protect the environment by switching to solar energy, but homes that use more energy will have a greater impact. Although solar panel manufacturing releases carbon dioxide emissions, the panels make up for it by considerably lowering the amount of CO2 you would have produced if you still used nonrenewable energy. In Lisbon, you can reduce your carbon footprint by 90 pounds a year with solar panels. The advantages of solar power are plentiful — just like solar power is! That's why so many homeowners have been happy with using solar energy.