14 Best Solar Companies in Edgewater, CO (Sep 2022 Review)

The Cost and Benefits of Solar in Edgewater

We get that for lots of homeowners, the decision to invest in solar rests on installation costs. The cost and possible savings vary depending on some key factors such as:

• Average daily sunlight: Since Edgewater gets lots of sunlight, your solar panel system will most likely be able to generate enough energy to power your whole home, which impacts how much you can save on your energy bills.
• How much you spend on energy: The average household in Edgewater shells out around $1,000 a year on electricity alone, so you could be looking at that much in savings.
• Incentives: Something 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 on your power bills, which can generate an average of $18,000 of savings over 20 years.
• System size and type: Some models are more pricy than others, so the one you want can raise or lower your initial investment. Plus, the more solar panels you need, the more it'll cost.

Due to solar panels decreasing in cost as well as various solar incentives, they are a cost-effective investment for the majority of homeowners.

Solar Incentives in Edgewater

Switching to solar power has a lot of considerable benefits. Not only can it help preserve the environment, but you can also save a decent amount of money on your installation with various government incentives. These incentives typically include cash rebates, tax credits and/or solar renewable energy credits. They can cut how much you end up spending on installing solar panels by 26 to 50% in some cases. For comprehensive information about local incentives, see the table below.

Environmental Impact of Switching to Solar in Edgewater

One of the best reasons to embrace solar energy is to minimize your dependence on nonrenewable energy sources like burning fossil fuels, which are harmful for the environment. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Edgewater, though. The more power your house uses, the the more the environment will benefit if you switch to solar since you won't need to burn as many fossil fuels. In fact, if you adopt solar power, you could reduce your carbon dioxide emissions by about 100 pounds each year. The benefits of solar power are abundant — just like solar power is! That's why so many people have been happy with using solar energy.