17 Best Solar Companies in Colorado Springs, CO (Jul 2022 Review)

The Cost and Benefits of Solar in Colorado Springs

When deciding on a solar company, most homeowners or business owners think about the costs above all. There are quite a few factors you should take into consideration when determining how much it will cost and how much you can save, including:

• System size and type: Some models are more pricy than others, so the one you choose can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.
• Electricity consumption: The average home in Colorado Springs uses a decent amount of, and therefore may save on their energy 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 lets you deduct from your taxes a percentage of the project cost. You can also save on your power bills, which can give you an average of $23,000 of savings over 20 years.
• How much sunlight your roof gets: If your roof doesn't see much direct sunlight, your solar panel system won't be able to make as much energy, which will leave you with lower savings on electric bills than a house with a roof that gets plenty of sunlight.

Thanks to the cost of solar panels being lower than before as well as local and federal solar incentives, they are a sound investment for the majority of homeowners.

Solar Incentives in Colorado Springs

Although a solar power system is typically a big investment, it can save you a lot of money over time because of smaller energy bills and government incentives. These incentives usually include cash rebates, tax benefits and/or solar renewable energy credits. They can cut the cost of installing solar panels 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 Colorado Springs

Going solar can have a positive effect on the environment. Something many might be asking themselves is how much can they really help the environment by going solar anyway? For those who care about the environment, switching to solar power is a straightforward choice, especially since Colorado Springs produces a very high amount of carbon dioxide emissions from its energy generation. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for traditional energy sources. In fact, you could be looking at reducing your carbon dioxide emissions by about 100 pounds each year. As you can see, going solar has so many other perks outside of saving money. One of the main ones is that you can help save the planet too.