14 Best Solar Companies in Stanford, CA (Mar 2023 Review)

The Cost and Benefits of Solar in Stanford

When choosing a solar company, most homeowners or business owners think about the costs above all. The installation cost is just one important factor you should take into account when looking into installing solar panels. How much it'll cost and how much you can save depend on things including:

• The make and model of solar panels you're planning on getting: More high-tech panels are more expensive, so that will influence your budget for your solar project.
• Incentives: The federal solar investment tax credit currently allows you to decrease your taxes by 30% of the project cost. Your state and even local utility companies may also have incentives and rebates that you can benefit from. Additionally, you can save about $31,000 over 20 years on your utility bills, before factoring in incentives.
• The amount of sunlight your area gets: Due to Stanford's very high amount of average daily sunlight, you should be able to save a lot on your energy bills.
• The cost of electricity in your area: If your local energy rates are quite high, there's a better chance you'll see a higher return on your investment in solar panels. In Stanford, you can save an average of $82 a month on your electricity bills.

So are solar panels worth it? Whether you're trying to reduce your electric bills, carbon dioxide emissions or both, solar panels are a worthwhile investment for many Stanford homeowners.

Solar Incentives in Stanford

Although solar power is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over several years due to smaller energy bills and government incentives. Local solar incentives vary by location and, sometimes, utility company. A lot of states offer rebates for solar power, in addition to the federal solar tax credit. For detailed information about local incentives, see our our article on solar incentives.

Environmental Impact of Switching to Solar in Stanford

Switching to solar energy can have a positive impact on the environment. A question many might be asking themselves is how much can they really help preserve the environment by switching to solar power anyway? Your energy usage is a key factor to consider. The more electricity you use, the larger your impact when you make the switch to solar power. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 50 pounds each year. As you can see, investing in solar has so many other benefits outside of saving money. One of the major ones is that you can help save the environment too.