15 Best Solar Companies in Lochbuie, CO (Feb 2023 Review)

The Cost and Benefits of Solar in Lochbuie

Solar panels run off a free energy source — the sun — but to take advantage of this you will first need to pay to set up your panels. Some important things that impact the cost and possible savings include:

• System size and type: Some models are more expensive than others, so the one you decide on can raise or lower your initial investment. Plus, the more solar panels you need to buy, the more it'll cost.
• Your city: This influences the average daily sunlight your roof gets, which helps determine how many panels you need.
• Incentives: Along with the federal Solar Investment Tax Credit (ITC), which lets you deduct 30% of your total installation cost, your state or local government may offer additional tax exemptions, credits or rebates that will help you save even more. Not including incentives, you can save an average of $20,000 over the first 20 years with your solar system, too.
• How much energy costs for you: The typical family in Lochbuie pays around $1,100 a year on home energy use alone, so you could end up with that much in savings.

There are lots of good benefits of solar in spite of the initial cost of installation. It can help the planet and your bank account. In addition, it can increase the value of your home, leading to even more benefits if you choose to sell your home later.

Solar Incentives in Lochbuie

One of the good things about installing a solar panel system is earning federal and potentially state incentives. You can qualify for the federal solar investment tax credit (ITC) for the tax year you turn on your a solar system. You can also possibly use the ITC with other local incentives. Our article on solar incentives has more information on the incentives you can take advantage of in Lochbuie.

Environmental Impact of Switching to Solar in Lochbuie

Switching to solar energy can have a beneficial impact on the environment. But how much can installing solar panels actually help the environment? If your household uses lots of energy, you can have an even greater impact on the planet by switching to solar energy. Because solar panels don't release CO2 emissions into the atmosphere when generating electricity, they're a good trade for traditional energy sources. In fact, you could lower your carbon dioxide emissions by about 100 pounds each year. If you want to do your part for the environment, you'll no doubt find that there are many benefits of adopting solar energy other than just saving money on bills. You can also help protect the environment, which some would argue is worth more.