15 Best Solar Companies in Broomfield, CO (Mar 2023 Review)

The Cost and Benefits of Solar in Broomfield

For a lot of homeowners, whether or not you should invest in solar energy boils down to the cost. Some key factors that determine how much it will cost to install a solar panel system on your home and how much it could save you over time are:

• Your income and budget: This guides what type of solar panels you can afford.
• Your power bills: This will influence how much you can save. In Broomfield, the average homeowner can save about $1,100 a year on their electricity bills.
• 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's equal to a percentage of the project cost. You can also save a decent amount of money on your utility bills, which can give you an average of $19,000 of savings over 20 years.
• The amount of sunlight your home gets: Thanks to Broomfield's very high amount of average daily sunlight, you should be able to save a lot on your electricity bills.

Because of solar panels decreasing in cost as well as various solar incentives, they are a worthwhile investment for many homeowners.

Solar Incentives in Broomfield

One of the good things about installing a solar panel system is earning incentives from the government. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also potentially stack the ITC with other local incentives. For more information about local incentives, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Broomfield

One of the reasons so many people consider installing solar panels is to help bring down their environmental impact. A question many people might be thinking about is how much can they really help preserve the environment by switching to solar power anyway? For those who are concerned about global warming, using solar power is an easy decision, especially since Broomfield produces a very high amount of carbon dioxide emissions from its energy generation. While solar panel production releases carbon dioxide emissions, the panels make up for it by considerably decreasing the amount of CO2 you would have released if you still used nonrenewable energy. In Broomfield, you can reduce your carbon footprint by 100 pounds a year with solar panels. As you can see, using solar power has so many other perks beyond saving money. One of the main ones is that you can help save the planet too.