14 Best Solar Companies in Monterey, CA (Feb 2023 Review)

The Cost and Benefits of Solar in Monterey

The cost of installing solar panels has gone down significantly in the past several years, but it's still a large investment for most homeowners. The cost of solar and the savings it generates vary depending on some important factors such as:

• The type and model of solar panels you want: More high-tech panels are more highly priced, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $34,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: Due to Monterey's very high amount of average daily sunlight, you should be able to save a lot on your power bills.
• Your power bills: This will impact how much you can save. In Monterey, the average homeowner can save about $1,100 a year on their electricity bills.

Solar is a valuable investment for most homeowners. You can produce your own energy instead of paying for it from the grid and take advantage of solar incentives and rebates, all while helping protect the environment.

Solar Incentives in Monterey

One of the good things about installing a solar panel system is earning incentives from the government. You are eligible for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly stack the ITC with other local rebates and benefits. Our article on solar incentives has more detailed information on the incentives you can benefit from in Monterey.

Environmental Impact of Switching to Solar in Monterey

There are a few important reasons why many people want to invest in solar energy: to put more money in their bank account and to help the planet. But you may be wondering — how much exactly can you help the planet by making the switch to solar? How much energy you use is a key factor to think about. The more electricity you use, the larger your impact when you switch to solar energy. Because solar panels don't release greenhouse gas emissions into the atmosphere when generating electricity, they're a good substitute for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 50 pounds each year. If you want to do what you can for the environment, you'll most likely recognize that there are many good things about adopting solar energy other than just saving money on electricity. You can also help protect the environment, which some would argue is priceless.