17 Best Solar Companies in Chico, CA (Aug 2022 Review)

The Cost and Benefits of Solar in Chico

Although solar panels can help save you a good amount of money on energy over time, it's necessary to consider the upfront costs. Some important factors that dictate the cost of installing a solar panel system on your home and how much it could save you over time are:

• System size and type: Some models are more costly than others, so the one you get can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Electricity consumption: The average home in Chico doesn't use much energy, and consequently may not see as many savings on their power bills.
• The amount of sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panels won't be able to produce as much energy, which will give you lower savings on energy bills than someone with a roof that gets a lot of sunlight.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 26% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Aside from incentives, you can save an average of $32,000 over 20 years with your solar panels, too.

There are lots of great benefits of solar despite the initial cost of installation. It can help the Earth and your bank account. Plus, it can boost the value of your home, giving you even more benefits if you want to sell your home later.

Solar Incentives in Chico

Adopting solar power has lots of wonderful benefits. Not only can it help protect the environment, but you can also save some money on your installation with various government incentives. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also potentially use the ITC with other state and city rebates and benefits. Check out the table below to learn what incentives you can benefit from.

Environmental Impact of Switching to Solar in Chico

Installing solar panels is a great way to do what you can for a greener future. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Chico, though. The more power your household uses, the better off the planet will be if you switch to solar since you won't need to burn as many fossil fuels. After you go solar, your carbon footprint can be reduced by about 50 pounds a year. As you can see, going solar has so many other benefits outside of saving money. One of the major ones is that you can help save the planet too.