15 Best Solar Companies in Parkway, CA (Oct 2022 Review)

The Cost and Benefits of Solar in Parkway

Although solar panels can help save you a good amount of money on utility bills over time, it's important to take into consideration the upfront costs. A few key factors that influence how much it will cost to install solar panels on your home and how much money you could save over time include:

• Incentives: One thing that can save you money on 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 money on your power bills, which can lead to an average of $25,000 of savings over 20 years.
• 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 opt for a higher number of more affordable panels.
• Your city: This influences how much sunlight your roof receives, which helps determine how many panels you need.
• Your current power bills: Solar panels can greatly reduce, or completely eradicate, your utility bills. In Parkway, you can save an average of $69 a month.

There are many wonderful benefits of solar in spite of the upfront cost of installation. It can help the Earth and your wallet. In addition, it can boost the value of your home, giving you even more benefits if you decide to sell your home later.

Solar Incentives in Parkway

One of the good things about installing a solar panel system is receiving government incentives. Regardless of where you live, you can take advantage of the federal Solar Investment Tax Credit (ITC), which lets you claim 30% of how much your solar project cost when you file taxes, reducing the amount of taxes you owe that year. Plus, there may be some state and city incentives you can benefit from too. In the table below, you can see the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Parkway

An important reason so many people are thinking of going solar is to help bring down their environmental impact. You may be asking yourself — how much does making the switch help the environment anyway? One thing you should keep in mind is your overall carbon footprint. For example, if you have a long commute time and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Once you go solar, your carbon emissions can be cut by about 50 pounds each year. The good things about solar power are infinite — just like solar power is! That's why so many Parkway residents have been happy with making the switch to solar.