13 Best Solar Companies in Montecito, CA (Mar 2023 Review)

The Cost and Benefits of Solar in Montecito

Solar panels run off a free energy source — the sun — but before you can take advantage of this you will need to pay to set up your system. The cost and possible savings vary depending on some key factors such as:

• How much sunlight your roof gets: If your rooftop doesn't get a lot of direct sunlight, your solar panel system won't be able to produce as much energy, which will give you lower savings on electric bills than a roof that gets a lot of sunlight.
• Your energy bills: This will influence how much money you might save. In Montecito, the average resident can save about $750 a year on their electricity bills.
• Incentives: One thing that can make your solar project cost less 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 power bills, which can result in an average of $25,000 of savings over 20 years.
• The model of solar panel system you can buy: This is dependent on what your budget is.

Thanks to the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Montecito

If you're thinking about switching to solar power, various government incentives and subsidies can dramatically reduce the cost of the project and expedite the return on your investment. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially use the ITC with other local incentives. You can find out about the incentives you can use in our article on solar incentives

Environmental Impact of Switching to Solar in Montecito

Swapping traditional energy for solar is a powerful way to do your part for a more eco-friendly future. But how much can using solar energy instead of traditional energy actually help the environment? If your household consumes lots of energy, you can impact the environment even more by switching to solar energy. Because solar panels don't release carbon dioxide emissions into the atmosphere when creating electricity, they're a good alternative to nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 50 pounds each year. Since solar power is plentiful and generates electricity without a carbon footprint, making the switch to solar power is one easy step you can take to help protect the environment.