17 Best Solar Companies in Waterford, CA (Feb 2023 Review)

The Cost and Benefits of Solar in Waterford

The cost of installing solar panels has decreased greatly in the past several years, but it's still a significant investment for most homeowners. There are quite a few factors you should consider when trying to determine how much it will cost and how much you can save, including:

• Your income and budget: This affects what model of solar panels you can afford.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your overall installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $32,000 over 20 years with your system, too.
• How much sunlight your roof gets: This, and the configuration of your roof, affects affect how much power your solar panels can generate.
• How much you spend on energy: The typical household in Waterford pays around $1,000 a year on home energy use alone, so you could gain that much in savings.

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

Solar Incentives in Waterford

There are lots of reasons why going solar is a great investment. One of them consists of some government incentives that can help save you some money. When you install a solar panel system, you can take advatage of the federal tax credit, or ITC. This credit currently lets you reduce your tax bill by 30% of the cost of your solar panels. In addition, there may often be some regional incentives that you can use to further cut back on the cost of solar of solar panels. For comprehensive information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Waterford

If you're thinking of adding solar panels to your home, one of the principal reasons why may be to reduce your reliance on nonrenewable energy. But — how much exactly can you help the planet by using solar power? One thing you should keep in mind is your overall carbon footprint. For example, if you spend a lot of time on the road and have an electric vehicle, you can install solar panels on your home to power your EV and therefore help offset your carbon emissions. Since solar panels don't release greenhouse gas emissions into the atmosphere when creating electricity, they're a good trade for nonrenewable energy sources. In fact, you could expect to reduce your carbon dioxide emissions by about 50 pounds each year. Since energy from the sun is abundant and makes electricity without free from carbon dioxide emissions, installing solar panels is one easy step you can take to help the planet.