11 Best Solar Companies in Cherry Creek, CO (2023 Reviews)

The Cost and Benefits of Solar in Cherry Creek

Solar panels run off a free energy source — the sun — but before you can take advantage of this you first need to pay to set up your panels. There are several factors you should take into consideration when trying to determine costs and your potential savings, including:

• Your home's orientation toward the sun: This, and how your roof is set up, affects affect how much energy your solar panels can produce.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Excluding incentives, you can save an average of $20,000 over the first 20 years with your system, too.
• How much you spend on energy: If your local electricity rates are quite high, there's a good chance you'll have a higher return on your investment in a solar system. In Cherry Creek, you can save an average of $91 a month on your electricity bills.
• The kind of solar panels you have the money for: This is dependent on how much you're willing to invest upfront.

So are solar panels worth it? Whether you want to decrease your electric bills, greenhouse gas emissions or both, solar panels are a worthwhile investment for many Cherry Creek homeowners.

Solar Incentives in Cherry Creek

If you're thinking about making the switch to solar power, a variety of government incentives and tax credits can drastically reduce the cost of the project and expedite the return on your investment. State and city solar incentives depend on the location and, sometimes, utility company. A lot of states offer rebates for solar power systems, in addition to the federal solar tax credit. For detailed information about incentives for homeowners in Cherry Creek, check out our our article on solar incentives.

Environmental Impact of Switching to Solar in Cherry Creek

There are lots of reasons to make the switch to solar power, like saving money on utility bills and helping to lower your carbon footprint. A question many might be wondering about is how much can they really help preserve the environment by switching to solar power anyway? The more energy your family uses, the the more the environment will benefit if you switch to solar since you won't have to rely on traditional energy sources as much. Because solar panels don't release CO2 emissions into the atmosphere when creating electricity, they're a good swap for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. For homeowners who care about the environment, the upfront cost of solar is a small price to pay for offsetting your carbon emissions.