17 Best Solar Companies in Waterford, CA (Sep 2022 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 several factors you should take into consideration when determining the overall cost and how much you can save, such as:

• Incentives: The federal solar investment tax credit, which can save you some money, allows you to deduct 30% of the cost of your solar system installation from your taxes. In addition, not including incentives, you can save about $32,000 over 20 years on your energy bills.
• The amount of sunlight your roof gets: If your roof doesn't get a lot of direct sunlight, your solar system won't be able to generate as much energy, which will give you lower savings on energy bills than a house with a roof that gets lots of sunlight.
• The kind of solar panels you're thinking of getting: More high-tech panels are more highly priced, so that will influence your budget for your solar project.
• Your power bills: This will affect how much money you might save. In Waterford, the average resident can save about $1,000 a year on their electricity bills.

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

Solar Incentives in Waterford

In order to increase the adoption of solar power, federal and local governments — and even some utility companies — offer incentives to help make going solar more affordable and accessible. These incentives typically take the form of cash rebates, tax credits and/or performance-based incentives. They can lower the cost of going solar by 26 to 50% in some cases. You can find out about the incentives you can use in the table below.

Environmental Impact of Switching to Solar in Waterford

One of the most compelling reasons to adopt solar energy is to minimize your reliance on nonrenewable energy sources like burning fossil fuels, which are damaging for the environment. But — how much exactly can you help the planet by using solar power? A significant thing to consider is your overall carbon footprint. For example, if you have a long commute, your footprint may be bigger, so adopting solar power for your house can help offset that. Because solar panels don't release carbon dioxide emissions into the atmosphere when producing electricity, they're a good trade for nonrenewable energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 50 pounds each year. As you can see, investing in solar has so many other perks beyond saving money. One of the primary ones is that you can help save the Earth too.