14 Best Solar Companies in Gunbarrel, CO (Jan 2023 Review)

The Cost and Benefits of Solar in Gunbarrel

The cost of installing solar panels has decreased greatly over the past few years, but it's still a significant investment for most homeowners. Some main factors that affect how much it will cost to install solar panels on your home and how much it could save you over time include:

• How much sunlight your roof gets: This, and the configuration of your roof, affects affect how much energy your solar panels can generate.
• average energy usage: The more electricity your home uses on average and the greater your current electricity bills are, the more likely you'll benefit from switching to solar.
• Your income and budget: This guides what type of solar panels you can buy.
• Incentives: The federal solar investment tax credit, which everyone in the U.S. is eligible for, allows you to deduct 30% of the cost of installing your solar panel system from your federal taxes. In addition, not including incentives, you can save about $19,000 over 20 years on your energy bills.

So is buying solar panels worth it? Whether you're trying to reduce your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Gunbarrel homeowners.

Solar Incentives in Gunbarrel

Although solar power is typically a $15,000 to $25,000 investment, it can save you a substantial amount of money over several years because of smaller utility bills and government incentives. There are a lot of federal, state and local rebates and tax credits that can earn you a decent amount of money back after paying for a qualifying system. Our article on solar incentives goes over more information on the incentives you can find in Gunbarrel.

Environmental Impact of Switching to Solar in Gunbarrel

A lot of people want to do their part for the planet, which in many cases is the prime reason they're interested in installing solar panels. But you may be wondering — how much exactly can you help by using solar power? In Gunbarrel, where the energy generation produces a lot of greenhouse gasses, going solar can have a significant effect on the environment since solar power is a renewable source of energy. Since solar panels don't release CO2 emissions into the atmosphere when producing electricity, they're a good substitute for nonrenewable energy sources. In fact, you could look forward to lowering your carbon dioxide emissions by about 100 pounds each year. If you want to do what you can for the environment, you'll most likely recognize that there are many advantages to adopting solar power other than just saving money on bills. You can also help protect the environment, which some would argue is invaluable.