13 Best Solar Companies in Applewood, CO (Sep 2022 Review)

The Cost and Benefits of Solar in Applewood

For most homeowners, whether or not you should invest in solar energy depends the most on the cost. The cost of solar and the savings it generates vary depending on some key factors such as:

• The amount of sunlight your rooftop gets: Due to Applewood's very high amount of average daily sunlight, you should be able to save a lot on your power bills.
• Incentives: One thing that can reduce the cost of your solar project is the solar investment tax credit (ITC), which is a tax credit that's equal to a percentage of the project cost. You can also save on your utility bills, which can generate an average of $19,000 of savings over 20 years.
• The model of solar panels you can purchase: This hinges on how much you're willing to invest upfront.
• Typical energy usage: The more power your home consumes on average and the larger your current power bills are, the more likely you'll benefit from going solar.

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

Solar Incentives in Applewood

Although installing solar panels is typically a $15,000 to $25,000 investment, it can save you a significant amount of money over several years because of smaller power bills and government incentives. There are a lot of federal, state and local rebates and tax credits that let you earn some money in return after paying for a qualifying system. You can find out about the incentives you can take advantage of in the table below.

Environmental Impact of Switching to Solar in Applewood

There are a few primary reasons why people are considering solar energy: for the good of their bank accounts and the planet. But how much can installing solar panels actually affect the environment? If your home uses lots of energy, you can help the environment even more by switching to solar energy. Although solar panel manufacturing emits carbon dioxide, the panels make up for it by greatly reducing the amount of CO2 you would have been responsible for if you still used traditional energy. In Applewood, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, investing in solar has so many other benefits apart from saving money. One of the major ones is that you can help save the Earth too.