17 Best Solar Companies in Lafayette, CO (Mar 2023 Review)

The Cost and Benefits of Solar in Lafayette

The cost of installing a solar panel system has gone down significantly over the past few years, but it's still a large investment for most homeowners. Some key things that influence the cost and possible savings include:

• Electricity consumption: The average home in Lafayette uses a decent amount of, and consequently may save on their energy bills.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which gives you a tax credit currently worth 30% of your total installation cost, your local government may offer additional tax exemptions, credits or rebates that can help you save even more. Excluding incentives, you can save an average of $19,000 over the first 20 years with your solar system, too.
• How much sunlight your roof gets: This, plus how your roof is set up, affects affect how much energy your solar panels can make.
• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your upfront cost. Plus, the more solar panels you need to buy, the more it'll cost.

Due to the cost of solar panels being lower than before as well as various solar incentives, they are a worthwhile investment for the majority of homeowners.

Solar Incentives in Lafayette

Although a solar power system is typically a large investment, it can save you much money over the lifespan of your solar panels due to lower energy bills and government incentives. There are several federal, state and local rebates and tax credits that can earn you some money in return after paying for a solar panel system. In our article on solar incentives, you can see the incentives you qualify for in Lafayette.

Environmental Impact of Switching to Solar in Lafayette

There are a few big reasons why many people are interested in solar energy: for the good of their bank accounts and the planet. Many homeowners might be wondering how much exactly they can impact the environment by switching to solar in Lafayette, though. The amount of energy you use is a significant factor to consider. The more electricity your home uses, the greater your impact when you make the switch to solar power. In fact, if you make the switch to solar power, you could reduce 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 most important ones is that you can help save the environment too.