17 Best Solar Companies in Greeley, CO (Feb 2023 Review)

The Cost and Benefits of Solar in Greeley

For lots of homeowners, whether or not you should invest in solar energy boils down to the cost. There are several factors you should take into consideration when trying to figure out costs and your potential savings, including:

• Choice of solar panels: The kind of solar panels you are interested in getting will affect your total cost. High-efficiency monocrystalline panels are more expensive upfront but can also save you more money over the lifetime of your system. If you don't need to maximize efficiency, you can opt for a higher number of more affordable panels.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you receive a tax credit curretnly worth 30% of your overall installation cost, your state or local government may offer additional tax exemptions, credits or rebates that can help you save even more. Not including incentives, you can save an average of $19,000 over the first 20 years with your system, too.
• The amount of sunlight your roof gets: This, and your roof configuration, affects affect how much energy your solar panels can generate.
• How much you spend on energy: The average family in Greeley shells out around $1,100 a year on energy use alone, so you could end up with that much in savings.

Solar is a fruitful investment for most homeowners. You can make your own electricity instead of paying for it from the grid and benefit from solar incentives and rebates, all while helping preserve the planet.

Solar Incentives in Greeley

If you're planning on making the switch to solar power, several government incentives and subsidies can dramatically bring down the cost of the project and speed up the return on your investment. Regardless of what state you live in, you can take advantage of the federal Solar Investment Tax Credit (ITC), which allows you to claim 30% of your project costs on your tax return, lowering the amount of taxes you owe that year. In addition, there may be some local incentives that stack with the ITC too. In our article on solar incentives, you can find out about the incentives you qualify for in your area.

Environmental Impact of Switching to Solar in Greeley

One of the reasons so many homeowners consider adopting solar energy is to help bring down their environmental impact. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Greeley, though. If your family consumes a lot of energy, you can impact the environment even more by switching to solar energy. In fact, if you install solar panels, you could reduce your carbon dioxide emissions by about 100 pounds each year. For homeowners who want to help the environment, the upfront cost of solar is a small price to pay for reducing your carbon footprint.