16 Best Solar Companies in Lakewood, CO (Mar 2023 Review)

The Cost and Benefits of Solar in Lakewood

For lots of homeowners, the decision to invest in solar panels depends the most on the cost. A few important factors that dictate how much it will cost to install a solar panel system on your home and how much money you could save over time include:

• Incentives: Tax-paying citizens who purchase and install a solar energy system this year can save 30% of their total solar spend by taking advantage of the federal solar investment tax credit. You can also save about $19,000 on your electricity bills over 20 years without incentives.
• The amount of sunlight your home gets: Thanks to Lakewood's very high amount of average daily sunlight, you should be able to save a lot on your energy bills.
• Your income and budget: This guides what type of solar panels you can afford.
• average energy usage: The more power your home uses on average and the greater your current power bills are, the more likely you'll benefit from going solar.

So is buying solar panels worth it? Whether you want to lower your electricity costs, carbon emissions or both, solar panels are a worthwhile investment for many Lakewood homeowners.

Solar Incentives in Lakewood

There are many good reasons why adopting solar power is beneficial. One of them involves some government incentives that can save you money. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your solar panels. You can also possibly pair the ITC with other local rebates and benefits. In our article on solar incentives, you can see the incentives you qualify for near you.

Environmental Impact of Switching to Solar in Lakewood

There are tons of reasons to trade traditional energy for solar power, like saving some money on electricity bills and helping to reduce your carbon footprint. But — how much exactly can you help by going solar? The EPA reports that electricity production is the second largest source of greenhouse gas emissions and about 62% of our electricity is produced by burning fossil fuels. Switching to a clean energy source like solar power can help lower that statistic in a city like Lakewood that produces a large amount of carbon dioxide emissions each year. Once you go solar, your carbon emissions can be lowered by about 100 pounds every year. Since energy from the sun is renewable and generates electricity without free from carbon dioxide emissions, adding solar panels to your home is one easy step you can take to help protect the environment.